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$289,015$289,015$476,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$187,085$0
Funding fee$0$0$0
Note rate2.940%2.940%7.320%
Blended rate3.790%5.444%7.560%
1st payment$1,396.71$1,396.71$3,270.48
2nd payment$0.00$1,247.23$0.00
Taxes / mo$610.67$610.67$610.67
Insurance / mo$166.67$166.67$166.67
MI / mo$236.47$236.47$95.22
HOA / mo$245.00$245.00$245.00
Total monthly$2,655.51$3,902.74$4,388.03
Cash to close$239,985$52,900$52,900