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$283,714$283,714$378,000
Remaining term (yrs)24.824.830.0
Secondary amount$0$94,286$0
Funding fee$0$0$0
Note rate2.980%2.980%7.400%
Blended rate3.830%5.120%7.640%
1st payment$1,345.48$1,345.48$2,617.20
2nd payment$0.00$707.14$0.00
Taxes / mo$197.67$197.67$197.67
Insurance / mo$150.00$150.00$150.00
MI / mo$226.63$226.63$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,919.78$2,626.92$3,040.46
Cash to close$136,286$42,000$42,000