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$239,377$239,377$368,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$128,723$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%5.223%7.560%
1st payment$1,115.20$1,115.20$2,528.59
2nd payment$0.00$858.15$0.00
Taxes / mo$296.58$296.58$296.58
Insurance / mo$150.00$150.00$150.00
MI / mo$190.27$190.27$73.62
HOA / mo$136.67$136.67$136.67
Total monthly$1,888.73$2,746.88$3,185.46
Cash to close$169,623$40,900$40,900