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$307,536$307,536$337,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$29,964$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.189%7.640%
1st payment$1,434.40$1,434.40$2,336.78
2nd payment$0.00$224.73$0.00
Taxes / mo$439.42$439.42$439.42
Insurance / mo$150.00$150.00$150.00
MI / mo$245.05$245.05$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,268.86$2,493.59$2,993.70
Cash to close$67,464$37,500$37,500