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$304,806$304,806$378,000
Remaining term (yrs)24.924.930.0
Secondary amount$0$73,194$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.742%7.640%
1st payment$1,424.90$1,424.90$2,617.20
2nd payment$0.00$548.95$0.00
Taxes / mo$299.58$299.58$299.58
Insurance / mo$150.00$150.00$150.00
MI / mo$243.43$243.43$75.60
HOA / mo$47.00$47.00$47.00
Total monthly$2,164.91$2,713.86$3,189.38
Cash to close$115,194$42,000$42,000