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$296,098$296,098$368,999
Remaining term (yrs)24.924.930.0
Secondary amount$0$72,902$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.763%7.640%
1st payment$1,384.19$1,384.19$2,554.88
2nd payment$0.00$546.76$0.00
Taxes / mo$156.62$156.62$156.62
Insurance / mo$150.00$150.00$150.00
MI / mo$236.47$236.47$73.80
HOA / mo$9.17$9.17$9.17
Total monthly$1,936.45$2,483.21$2,944.46
Cash to close$113,901$41,000$41,000