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$306,168$306,168$360,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$53,832$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%4.535%7.640%
1st payment$1,426.33$1,426.33$2,492.57
2nd payment$0.00$403.74$0.00
Taxes / mo$220.83$220.83$220.83
Insurance / mo$150.00$150.00$150.00
MI / mo$242.73$242.73$72.00
HOA / mo$13.33$13.33$13.33
Total monthly$2,053.22$2,456.96$2,948.73
Cash to close$93,832$40,000$40,000