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$288,045$288,045$364,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$76,455$0
Funding fee$0$0$0
Note rate2.810%2.810%7.400%
Blended rate3.660%4.780%7.640%
1st payment$1,353.30$1,353.30$2,523.72
2nd payment$0.00$573.41$0.00
Taxes / mo$337.50$337.50$337.50
Insurance / mo$150.00$150.00$150.00
MI / mo$232.99$232.99$72.90
HOA / mo$155.00$155.00$155.00
Total monthly$2,228.79$2,802.20$3,239.12
Cash to close$116,955$40,500$40,500