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$286,080$286,080$314,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$28,830$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.203%7.640%
1st payment$1,337.36$1,337.36$2,180.37
2nd payment$0.00$216.22$0.00
Taxes / mo$370.67$370.67$370.67
Insurance / mo$150.00$150.00$150.00
MI / mo$228.47$228.47$62.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,086.50$2,302.72$2,764.02
Cash to close$63,820$34,990$34,990