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$14,892$14,892$279,000
Remaining term (yrs)20.520.530.0
Secondary amount$0$264,108$0
Funding fee$0$0$0
Note rate2.730%2.730%7.400%
Blended rate3.580%7.527%7.640%
1st payment$78.64$78.64$1,931.74
2nd payment$0.00$1,705.70$0.00
Taxes / mo$155.50$155.50$155.50
Insurance / mo$150.00$150.00$150.00
MI / mo$12.43$12.43$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$396.57$2,102.27$2,293.04
Cash to close$295,108$31,000$31,000