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$340,326$340,326$391,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$51,174$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%4.514%7.640%
1st payment$1,619.37$1,619.37$2,710.67
2nd payment$0.00$383.81$0.00
Taxes / mo$202.83$202.83$202.83
Insurance / mo$150.00$150.00$150.00
MI / mo$272.42$272.42$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,244.62$2,628.43$3,141.80
Cash to close$94,674$43,500$43,500