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$274,643$274,643$404,910
Remaining term (yrs)24.724.730.0
Secondary amount$0$130,267$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%5.158%7.560%
1st payment$1,302.56$1,302.56$2,781.45
2nd payment$0.00$868.44$0.00
Taxes / mo$270.67$270.67$270.67
Insurance / mo$150.00$150.00$150.00
MI / mo$219.97$219.97$80.98
HOA / mo$200.00$200.00$200.00
Total monthly$2,143.20$3,011.64$3,483.10
Cash to close$175,257$44,990$44,990