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$281,913$281,913$324,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$42,087$0
Funding fee$0$0$0
Note rate2.940%2.940%7.320%
Blended rate3.790%4.467%7.560%
1st payment$1,362.38$1,362.38$2,225.66
2nd payment$0.00$315.65$0.00
Taxes / mo$166.17$166.17$166.17
Insurance / mo$150.00$150.00$150.00
MI / mo$230.66$230.66$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,909.21$2,224.86$2,606.62
Cash to close$78,087$36,000$36,000