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$309,791$309,791$391,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$81,709$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%4.901%7.640%
1st payment$1,474.22$1,474.22$2,710.67
2nd payment$0.00$612.82$0.00
Taxes / mo$362.50$362.50$362.50
Insurance / mo$150.00$150.00$150.00
MI / mo$248.63$248.63$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,235.35$2,848.17$3,301.47
Cash to close$125,209$43,500$43,500