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$267,727$267,727$620,100
Remaining term (yrs)24.224.230.0
Secondary amount$0$352,373$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%5.945%7.640%
1st payment$1,254.53$1,254.53$4,293.45
2nd payment$0.00$2,275.74$0.00
Taxes / mo$574.17$574.17$574.17
Insurance / mo$166.67$166.67$166.67
MI / mo$218.52$218.52$124.02
HOA / mo$315.00$315.00$315.00
Total monthly$2,528.88$4,804.62$5,473.30
Cash to close$421,273$68,900$68,900