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$277,272$277,272$382,500
Remaining term (yrs)24.024.030.0
Secondary amount$0$105,228$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%4.890%7.640%
1st payment$1,325.39$1,325.39$2,648.35
2nd payment$0.00$701.52$0.00
Taxes / mo$354.17$354.17$354.17
Insurance / mo$150.00$150.00$150.00
MI / mo$226.72$226.72$76.50
HOA / mo$32.08$32.08$32.08
Total monthly$2,088.35$2,789.87$3,261.10
Cash to close$147,728$42,500$42,500