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$40,926$40,926$270,000
Remaining term (yrs)4.04.030.0
Secondary amount$0$229,074$0
Funding fee$0$0$0
Note rate2.990%2.990%7.320%
Blended rate3.840%7.157%7.560%
1st payment$871.58$871.58$1,854.71
2nd payment$0.00$1,479.44$0.00
Taxes / mo$132.00$132.00$132.00
Insurance / mo$150.00$150.00$150.00
MI / mo$89.46$89.46$54.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,243.04$2,722.48$2,190.71
Cash to close$259,074$30,000$30,000