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$285,914$285,914$436,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$150,586$0
Funding fee$0$0$0
Note rate2.960%2.960%7.400%
Blended rate3.810%5.255%7.640%
1st payment$1,359.11$1,359.11$3,022.24
2nd payment$0.00$1,003.91$0.00
Taxes / mo$457.75$457.75$457.75
Insurance / mo$166.67$166.67$166.67
MI / mo$229.52$229.52$87.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,213.04$3,216.95$3,733.95
Cash to close$199,086$48,500$48,500