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$33,068$33,068$249,300
Remaining term (yrs)16.916.930.0
Secondary amount$0$216,232$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%7.217%7.560%
1st payment$205.20$205.20$1,712.52
2nd payment$0.00$1,396.50$0.00
Taxes / mo$622.50$622.50$622.50
Insurance / mo$150.00$150.00$150.00
MI / mo$28.40$28.40$49.86
HOA / mo$0.00$0.00$0.00
Total monthly$1,006.10$2,402.59$2,534.88
Cash to close$243,932$27,700$27,700