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$278,330$278,330$373,500
Remaining term (yrs)24.324.330.0
Secondary amount$0$95,170$0
Funding fee$0$0$0
Note rate2.730%2.730%7.320%
Blended rate3.580%4.961%7.560%
1st payment$1,299.37$1,299.37$2,565.69
2nd payment$0.00$713.77$0.00
Taxes / mo$195.58$195.58$195.58
Insurance / mo$150.00$150.00$150.00
MI / mo$226.04$226.04$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,870.99$2,584.77$2,985.97
Cash to close$136,670$41,500$41,500