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$309,105$309,105$373,500
Remaining term (yrs)24.124.130.0
Secondary amount$0$64,395$0
Funding fee$0$0$0
Note rate2.800%2.800%7.400%
Blended rate3.650%4.572%7.640%
1st payment$1,464.53$1,464.53$2,586.04
2nd payment$0.00$482.96$0.00
Taxes / mo$315.33$315.33$315.33
Insurance / mo$150.00$150.00$150.00
MI / mo$252.47$252.47$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,182.33$2,665.30$3,126.07
Cash to close$105,895$41,500$41,500