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$275,032$275,032$333,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$57,968$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%4.713%7.640%
1st payment$1,301.45$1,301.45$2,305.62
2nd payment$0.00$434.76$0.00
Taxes / mo$338.84$338.84$338.84
Insurance / mo$150.00$150.00$150.00
MI / mo$219.78$219.78$66.60
HOA / mo$93.00$93.00$93.00
Total monthly$2,103.07$2,537.83$2,954.07
Cash to close$94,968$37,000$37,000