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$295,800$295,800$403,200
Remaining term (yrs)24.424.430.0
Secondary amount$0$107,400$0
Funding fee$0$0$0
Note rate2.730%2.730%7.320%
Blended rate3.580%4.757%7.560%
1st payment$1,377.64$1,377.64$2,769.70
2nd payment$0.00$716.00$0.00
Taxes / mo$359.25$359.25$359.25
Insurance / mo$150.00$150.00$150.00
MI / mo$239.65$239.65$80.64
HOA / mo$60.00$60.00$60.00
Total monthly$2,186.54$2,902.54$3,419.59
Cash to close$152,200$44,800$44,800