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$297,181$297,181$436,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$139,319$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%5.093%7.560%
1st payment$1,384.50$1,384.50$2,998.45
2nd payment$0.00$928.80$0.00
Taxes / mo$308.67$308.67$308.67
Insurance / mo$166.67$166.67$166.67
MI / mo$236.22$236.22$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,096.05$3,024.84$3,561.09
Cash to close$187,819$48,500$48,500