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$286,062$286,062$382,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$96,438$0
Funding fee$0$0$0
Note rate2.940%2.940%7.320%
Blended rate3.790%5.104%7.560%
1st payment$1,382.43$1,382.43$2,627.51
2nd payment$0.00$723.29$0.00
Taxes / mo$271.08$271.08$271.08
Insurance / mo$150.00$150.00$150.00
MI / mo$234.05$234.05$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,037.57$2,760.86$3,125.09
Cash to close$138,938$42,500$42,500