Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$272,662$272,662$346,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$73,838$0
Funding fee$0$0$0
Note rate2.940%2.940%7.400%
Blended rate3.790%4.900%7.640%
1st payment$1,314.55$1,314.55$2,399.10
2nd payment$0.00$553.79$0.00
Taxes / mo$447.75$447.75$447.75
Insurance / mo$150.00$150.00$150.00
MI / mo$222.56$222.56$69.30
HOA / mo$138.00$138.00$138.00
Total monthly$2,272.86$2,826.65$3,204.15
Cash to close$112,338$38,500$38,500