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$285,425$285,425$328,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$43,075$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.412%7.640%
1st payment$1,331.27$1,331.27$2,274.47
2nd payment$0.00$323.06$0.00
Taxes / mo$206.75$206.75$206.75
Insurance / mo$150.00$150.00$150.00
MI / mo$227.43$227.43$65.70
HOA / mo$16.67$16.67$16.67
Total monthly$1,932.12$2,255.18$2,713.59
Cash to close$79,575$36,500$36,500