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$271,906$271,906$422,100
Remaining term (yrs)24.324.330.0
Secondary amount$0$150,194$0
Funding fee$0$0$0
Note rate2.650%2.650%7.400%
Blended rate3.500%5.101%7.640%
1st payment$1,261.38$1,261.38$2,922.54
2nd payment$0.00$1,001.30$0.00
Taxes / mo$433.67$433.67$433.67
Insurance / mo$166.67$166.67$166.67
MI / mo$221.73$221.73$84.42
HOA / mo$100.00$100.00$100.00
Total monthly$2,183.44$3,184.73$3,707.29
Cash to close$197,094$46,900$46,900