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$297,289$297,289$421,200
Remaining term (yrs)24.324.330.0
Secondary amount$0$123,911$0
Funding fee$0$0$0
Note rate2.680%2.680%7.320%
Blended rate3.530%4.845%7.560%
1st payment$1,380.32$1,380.32$2,893.35
2nd payment$0.00$826.07$0.00
Taxes / mo$813.00$813.00$813.00
Insurance / mo$166.67$166.67$166.67
MI / mo$241.69$241.69$84.24
HOA / mo$8.25$8.25$8.25
Total monthly$2,609.92$3,436.00$3,965.51
Cash to close$170,711$46,800$46,800