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$277,271$277,271$584,910
Remaining term (yrs)24.024.030.0
Secondary amount$0$307,639$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.840%7.640%
1st payment$1,326.80$1,326.80$4,049.80
2nd payment$0.00$1,986.83$0.00
Taxes / mo$45.25$45.25$45.25
Insurance / mo$166.67$166.67$166.67
MI / mo$226.67$226.67$116.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,765.38$3,752.22$4,378.70
Cash to close$372,629$64,990$64,990