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$271,949$271,949$297,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$25,051$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.266%7.640%
1st payment$1,289.69$1,289.69$2,056.37
2nd payment$0.00$187.88$0.00
Taxes / mo$91.92$91.92$91.92
Insurance / mo$150.00$150.00$150.00
MI / mo$217.23$217.23$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,748.84$1,936.72$2,357.68
Cash to close$58,051$33,000$33,000