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$281,140$281,140$301,500
Remaining term (yrs)19.919.930.0
Secondary amount$0$37,110$0
Funding fee$0$0$0
Note rate2.750%2.750%7.400%
Blended rate3.600%4.565%7.640%
1st payment$1,519.50$1,519.50$2,087.53
2nd payment$0.00$367.23$0.00
Taxes / mo$232.08$232.08$232.08
Insurance / mo$150.00$150.00$150.00
MI / mo$263.65$263.65$60.30
HOA / mo$5.00$5.00$5.00
Total monthly$2,170.23$2,537.46$2,534.91
Cash to close$53,860$16,750$33,500