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$307,079$307,079$378,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$70,921$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%4.686%7.640%
1st payment$1,427.51$1,427.51$2,617.20
2nd payment$0.00$531.91$0.00
Taxes / mo$350.00$350.00$350.00
Insurance / mo$150.00$150.00$150.00
MI / mo$244.82$244.82$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,172.33$2,704.24$3,192.80
Cash to close$112,921$42,000$42,000