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$300,954$300,954$373,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$72,546$0
Funding fee$0$0$0
Note rate2.875%2.875%7.320%
Blended rate3.725%4.750%7.560%
1st payment$1,401.30$1,401.30$2,565.69
2nd payment$0.00$544.09$0.00
Taxes / mo$135.50$135.50$135.50
Insurance / mo$150.00$150.00$150.00
MI / mo$239.24$239.24$74.70
HOA / mo$20.00$20.00$20.00
Total monthly$1,946.04$2,490.13$2,945.89
Cash to close$114,046$41,500$41,500