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$294,103$294,103$373,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$79,397$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%4.866%7.560%
1st payment$1,373.20$1,373.20$2,565.69
2nd payment$0.00$595.47$0.00
Taxes / mo$345.83$345.83$345.83
Insurance / mo$150.00$150.00$150.00
MI / mo$233.69$233.69$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,102.72$2,698.20$3,136.22
Cash to close$120,897$41,500$41,500