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$290,690$290,690$472,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$181,810$0
Funding fee$0$0$0
Note rate2.940%2.940%7.320%
Blended rate3.790%5.410%7.560%
1st payment$1,404.80$1,404.80$3,245.75
2nd payment$0.00$1,212.07$0.00
Taxes / mo$717.23$717.23$717.23
Insurance / mo$166.67$166.67$166.67
MI / mo$237.84$237.84$94.50
HOA / mo$10.00$10.00$10.00
Total monthly$2,536.53$3,748.60$4,234.14
Cash to close$234,310$52,500$52,500