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$292,812$292,812$449,100
Remaining term (yrs)24.124.130.0
Secondary amount$0$156,288$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%5.170%7.560%
1st payment$1,388.83$1,388.83$3,085.01
2nd payment$0.00$1,041.92$0.00
Taxes / mo$358.83$358.83$358.83
Insurance / mo$166.67$166.67$166.67
MI / mo$239.11$239.11$89.82
HOA / mo$157.00$157.00$157.00
Total monthly$2,310.44$3,352.36$3,857.33
Cash to close$206,188$49,900$49,900