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$285,569$285,569$378,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$92,431$0
Funding fee$0$0$0
Note rate2.930%2.930%7.400%
Blended rate3.780%5.056%7.640%
1st payment$1,346.88$1,346.88$2,617.20
2nd payment$0.00$693.23$0.00
Taxes / mo$350.00$350.00$350.00
Insurance / mo$150.00$150.00$150.00
MI / mo$228.33$228.33$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,075.20$2,768.44$3,192.80
Cash to close$134,431$42,000$42,000