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$270,945$270,945$481,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$210,555$0
Funding fee$0$0$0
Note rate2.670%2.670%7.400%
Blended rate3.520%5.370%7.640%
1st payment$1,259.67$1,259.67$3,333.81
2nd payment$0.00$1,359.83$0.00
Taxes / mo$252.08$252.08$252.08
Insurance / mo$166.67$166.67$166.67
MI / mo$220.85$220.85$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,899.27$3,259.10$3,848.86
Cash to close$264,055$53,500$53,500