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$278,561$278,561$359,910
Remaining term (yrs)24.424.430.0
Secondary amount$0$81,349$0
Funding fee$0$0$0
Note rate2.770%2.770%7.400%
Blended rate3.620%4.836%7.640%
1st payment$1,306.13$1,306.13$2,491.94
2nd payment$0.00$610.12$0.00
Taxes / mo$83.57$83.57$83.57
Insurance / mo$150.00$150.00$150.00
MI / mo$226.04$226.04$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,765.74$2,375.86$2,797.49
Cash to close$121,339$39,990$39,990