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$295,068$295,068$440,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$145,032$0
Funding fee$0$0$0
Note rate2.700%2.700%7.400%
Blended rate3.550%5.016%7.640%
1st payment$1,353.64$1,353.64$3,047.16
2nd payment$0.00$966.88$0.00
Taxes / mo$34.08$34.08$34.08
Insurance / mo$166.67$166.67$166.67
MI / mo$236.40$236.40$88.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,790.79$2,757.67$3,335.93
Cash to close$193,932$48,900$48,900