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$299,102$299,102$445,050
Remaining term (yrs)24.824.830.0
Secondary amount$0$145,948$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%5.144%7.560%
1st payment$1,406.07$1,406.07$3,057.18
2nd payment$0.00$972.98$0.00
Taxes / mo$206.17$206.17$206.17
Insurance / mo$166.67$166.67$166.67
MI / mo$239.28$239.28$89.01
HOA / mo$121.00$121.00$121.00
Total monthly$2,139.18$3,112.17$3,640.03
Cash to close$195,398$49,450$49,450