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$299,145$299,145$402,300
Remaining term (yrs)24.924.930.0
Secondary amount$0$103,155$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%4.817%7.560%
1st payment$1,395.26$1,395.26$2,763.52
2nd payment$0.00$687.70$0.00
Taxes / mo$673.50$673.50$673.50
Insurance / mo$150.00$150.00$150.00
MI / mo$238.36$238.36$80.46
HOA / mo$157.00$157.00$157.00
Total monthly$2,614.12$3,301.82$3,824.48
Cash to close$147,855$44,700$44,700