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$303,846$303,846$369,000
Remaining term (yrs)24.724.730.0
Secondary amount$0$65,154$0
Funding fee$0$0$0
Note rate2.960%2.960%7.320%
Blended rate3.810%4.726%7.560%
1st payment$1,441.07$1,441.07$2,534.77
2nd payment$0.00$488.65$0.00
Taxes / mo$111.08$111.08$111.08
Insurance / mo$150.00$150.00$150.00
MI / mo$243.36$243.36$73.80
HOA / mo$6.25$6.25$6.25
Total monthly$1,951.75$2,440.41$2,875.91
Cash to close$106,154$41,000$41,000