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$286,907$286,907$350,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$64,003$0
Funding fee$0$0$0
Note rate2.780%2.780%7.320%
Blended rate3.630%4.609%7.560%
1st payment$1,327.95$1,327.95$2,410.51
2nd payment$0.00$480.02$0.00
Taxes / mo$378.50$378.50$378.50
Insurance / mo$150.00$150.00$150.00
MI / mo$229.52$229.52$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,085.96$2,565.98$3,009.19
Cash to close$102,993$38,990$38,990