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$89,872$89,872$378,000
Remaining term (yrs)9.79.730.0
Secondary amount$0$288,128$0
Funding fee$0$0$0
Note rate2.280%2.280%7.320%
Blended rate3.130%6.652%7.560%
1st payment$850.91$850.91$2,596.60
2nd payment$0.00$1,860.83$0.00
Taxes / mo$193.92$193.92$193.92
Insurance / mo$150.00$150.00$150.00
MI / mo$91.81$91.81$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,286.64$3,147.47$3,016.11
Cash to close$330,128$42,000$42,000