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$287,852$287,852$405,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$117,148$0
Funding fee$0$0$0
Note rate2.720%2.720%7.400%
Blended rate3.570%4.851%7.640%
1st payment$1,345.58$1,345.58$2,804.14
2nd payment$0.00$780.99$0.00
Taxes / mo$519.17$519.17$519.17
Insurance / mo$150.00$150.00$150.00
MI / mo$234.38$234.38$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,249.13$3,030.12$3,554.30
Cash to close$162,148$45,000$45,000