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$312,824$312,824$440,100
Remaining term (yrs)25.325.330.0
Secondary amount$0$127,276$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%4.979%7.560%
1st payment$1,450.85$1,450.85$3,023.18
2nd payment$0.00$848.51$0.00
Taxes / mo$434.25$434.25$434.25
Insurance / mo$166.67$166.67$166.67
MI / mo$246.90$246.90$88.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,298.67$3,147.18$3,712.12
Cash to close$176,176$48,900$48,900