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$276,309$276,309$337,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$61,191$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%4.653%7.640%
1st payment$1,284.47$1,284.47$2,336.78
2nd payment$0.00$458.93$0.00
Taxes / mo$142.99$142.99$142.99
Insurance / mo$150.00$150.00$150.00
MI / mo$220.29$220.29$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,797.75$2,256.68$2,697.27
Cash to close$98,691$37,500$37,500