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$293,553$293,553$314,910
Remaining term (yrs)25.025.030.0
Secondary amount$0$38,852$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.682%7.640%
1st payment$1,367.59$1,367.59$2,180.37
2nd payment$0.00$384.47$0.00
Taxes / mo$376.42$376.42$376.42
Insurance / mo$150.00$150.00$150.00
MI / mo$233.33$233.33$62.98
HOA / mo$350.00$350.00$350.00
Total monthly$2,477.35$2,861.82$3,119.77
Cash to close$56,347$17,495$34,990