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$309,922$309,922$333,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$41,578$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%4.693%7.560%
1st payment$1,447.12$1,447.12$2,287.48
2nd payment$0.00$411.45$0.00
Taxes / mo$492.92$492.92$492.92
Insurance / mo$150.00$150.00$150.00
MI / mo$246.90$246.90$66.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,336.94$2,748.39$2,997.00
Cash to close$60,078$18,500$37,000