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$300,202$300,202$494,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$194,708$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%5.386%7.640%
1st payment$1,395.54$1,395.54$3,426.66
2nd payment$0.00$1,298.06$0.00
Taxes / mo$389.00$389.00$389.00
Insurance / mo$166.67$166.67$166.67
MI / mo$239.33$239.33$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,190.54$3,488.60$4,081.31
Cash to close$249,698$54,990$54,990