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$297,733$297,733$324,000
Remaining term (yrs)24.224.230.0
Secondary amount$0$26,267$0
Funding fee$0$0$0
Note rate2.830%2.830%7.320%
Blended rate3.680%4.111%7.560%
1st payment$1,411.85$1,411.85$2,225.66
2nd payment$0.00$197.00$0.00
Taxes / mo$426.92$426.92$426.92
Insurance / mo$150.00$150.00$150.00
MI / mo$242.44$242.44$64.80
HOA / mo$113.00$113.00$113.00
Total monthly$2,344.21$2,541.21$2,980.37
Cash to close$62,267$36,000$36,000