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$291,055$291,055$418,500
Remaining term (yrs)24.424.430.0
Secondary amount$0$127,445$0
Funding fee$0$0$0
Note rate2.710%2.710%7.400%
Blended rate3.560%4.912%7.640%
1st payment$1,355.81$1,355.81$2,897.61
2nd payment$0.00$849.63$0.00
Taxes / mo$387.50$387.50$387.50
Insurance / mo$166.67$166.67$166.67
MI / mo$236.47$236.47$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,146.45$2,996.08$3,535.48
Cash to close$173,945$46,500$46,500