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$296,235$296,235$472,410
Remaining term (yrs)24.324.330.0
Secondary amount$0$176,175$0
Funding fee$0$0$0
Note rate2.730%2.730%7.320%
Blended rate3.580%5.228%7.560%
1st payment$1,382.96$1,382.96$3,245.13
2nd payment$0.00$1,174.50$0.00
Taxes / mo$560.00$560.00$560.00
Insurance / mo$166.67$166.67$166.67
MI / mo$240.58$240.58$94.48
HOA / mo$104.00$104.00$104.00
Total monthly$2,454.20$3,628.71$4,170.28
Cash to close$228,665$52,490$52,490