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$306,213$306,213$404,999
Remaining term (yrs)24.024.030.0
Secondary amount$0$98,786$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%5.000%7.640%
1st payment$1,463.73$1,463.73$2,804.13
2nd payment$0.00$740.89$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$250.38$250.38$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,239.11$2,980.00$3,410.13
Cash to close$143,786$45,000$45,000