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$301,843$301,843$337,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$35,657$0
Funding fee$0$0$0
Note rate2.930%2.930%7.320%
Blended rate3.780%4.331%7.560%
1st payment$1,423.63$1,423.63$2,318.39
2nd payment$0.00$267.42$0.00
Taxes / mo$97.70$97.70$97.70
Insurance / mo$150.00$150.00$150.00
MI / mo$241.34$241.34$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,912.67$2,180.10$2,633.59
Cash to close$73,157$37,500$37,500