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$276,498$276,498$328,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$52,002$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.564%7.640%
1st payment$1,288.14$1,288.14$2,274.47
2nd payment$0.00$390.01$0.00
Taxes / mo$157.92$157.92$157.92
Insurance / mo$150.00$150.00$150.00
MI / mo$219.78$219.78$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,815.84$2,205.85$2,648.08
Cash to close$88,502$36,500$36,500