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$306,766$306,766$337,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$30,734$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%4.210%7.560%
1st payment$1,438.93$1,438.93$2,318.39
2nd payment$0.00$230.50$0.00
Taxes / mo$281.08$281.08$281.08
Insurance / mo$150.00$150.00$150.00
MI / mo$245.51$245.51$67.50
HOA / mo$381.00$381.00$381.00
Total monthly$2,496.52$2,727.02$3,197.97
Cash to close$68,234$37,500$37,500