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$318,071$318,071$378,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$59,929$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%4.566%7.640%
1st payment$1,478.49$1,478.49$2,617.20
2nd payment$0.00$449.47$0.00
Taxes / mo$449.08$449.08$449.08
Insurance / mo$150.00$150.00$150.00
MI / mo$252.26$252.26$75.60
HOA / mo$71.33$71.33$71.33
Total monthly$2,401.16$2,850.62$3,363.21
Cash to close$101,929$42,000$42,000