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$291,092$291,092$332,100
Remaining term (yrs)24.024.030.0
Secondary amount$0$41,008$0
Funding fee$0$0$0
Note rate2.890%2.890%7.400%
Blended rate3.740%4.390%7.640%
1st payment$1,395.92$1,395.92$2,299.39
2nd payment$0.00$307.56$0.00
Taxes / mo$904.08$904.08$904.08
Insurance / mo$150.00$150.00$150.00
MI / mo$237.86$237.86$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,687.87$2,995.43$3,419.90
Cash to close$77,908$36,900$36,900