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$295,520$295,520$432,000
Remaining term (yrs)24.424.430.0
Secondary amount$0$136,480$0
Funding fee$0$0$0
Note rate2.740%2.740%7.320%
Blended rate3.590%4.983%7.560%
1st payment$1,381.13$1,381.13$2,967.54
2nd payment$0.00$909.87$0.00
Taxes / mo$162.50$162.50$162.50
Insurance / mo$166.67$166.67$166.67
MI / mo$239.95$239.95$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,950.24$2,860.11$3,383.11
Cash to close$184,480$48,000$48,000