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$277,028$277,028$337,410
Remaining term (yrs)25.225.230.0
Secondary amount$0$60,382$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%4.755%7.640%
1st payment$1,299.21$1,299.21$2,336.16
2nd payment$0.00$452.86$0.00
Taxes / mo$311.20$311.20$311.20
Insurance / mo$150.00$150.00$150.00
MI / mo$218.84$218.84$67.48
HOA / mo$37.50$37.50$37.50
Total monthly$2,016.74$2,469.60$2,902.34
Cash to close$97,872$37,490$37,490