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$273,946$273,946$386,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$112,154$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%4.956%7.640%
1st payment$1,312.63$1,312.63$2,673.28
2nd payment$0.00$747.69$0.00
Taxes / mo$395.17$395.17$395.17
Insurance / mo$150.00$150.00$150.00
MI / mo$224.54$224.54$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$2,082.33$2,830.03$3,295.67
Cash to close$155,054$42,900$42,900