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$284,986$284,986$382,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$97,514$0
Funding fee$0$0$0
Note rate2.730%2.730%7.320%
Blended rate3.580%4.962%7.560%
1st payment$1,327.27$1,327.27$2,627.51
2nd payment$0.00$731.36$0.00
Taxes / mo$471.33$471.33$471.33
Insurance / mo$150.00$150.00$150.00
MI / mo$230.89$230.89$76.50
HOA / mo$73.67$73.67$73.67
Total monthly$2,253.17$2,984.53$3,399.01
Cash to close$140,014$42,500$42,500