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$283,591$283,591$427,950
Remaining term (yrs)24.124.130.0
Secondary amount$0$144,359$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.164%7.640%
1st payment$1,353.81$1,353.81$2,963.04
2nd payment$0.00$962.39$0.00
Taxes / mo$239.00$239.00$239.00
Insurance / mo$166.67$166.67$166.67
MI / mo$231.28$231.28$85.59
HOA / mo$0.00$0.00$0.00
Total monthly$1,990.76$2,953.15$3,454.30
Cash to close$191,909$47,550$47,550