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$290,079$290,079$405,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$114,921$0
Funding fee$0$0$0
Note rate2.890%2.890%7.320%
Blended rate3.740%4.949%7.560%
1st payment$1,387.76$1,387.76$2,782.07
2nd payment$0.00$766.14$0.00
Taxes / mo$208.42$208.42$208.42
Insurance / mo$150.00$150.00$150.00
MI / mo$236.47$236.47$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,982.65$2,748.79$3,221.49
Cash to close$159,921$45,000$45,000