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$271,971$271,971$337,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$65,529$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.745%7.640%
1st payment$1,265.64$1,265.64$2,336.78
2nd payment$0.00$491.47$0.00
Taxes / mo$399.00$399.00$399.00
Insurance / mo$150.00$150.00$150.00
MI / mo$216.22$216.22$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,030.86$2,522.33$2,953.28
Cash to close$103,029$37,500$37,500