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$278,388$278,388$342,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$63,612$0
Funding fee$0$0$0
Note rate2.740%2.740%7.400%
Blended rate3.590%4.596%7.640%
1st payment$1,301.06$1,301.06$2,367.94
2nd payment$0.00$477.09$0.00
Taxes / mo$120.25$120.25$120.25
Insurance / mo$150.00$150.00$150.00
MI / mo$226.04$226.04$68.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,797.35$2,274.44$2,706.59
Cash to close$101,612$38,000$38,000