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$298,611$298,611$391,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$92,889$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%4.988%7.640%
1st payment$1,428.58$1,428.58$2,710.67
2nd payment$0.00$696.67$0.00
Taxes / mo$281.75$281.75$281.75
Insurance / mo$150.00$150.00$150.00
MI / mo$243.43$243.43$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,103.75$2,800.42$3,220.72
Cash to close$136,389$43,500$43,500