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$284,223$284,223$405,000
Remaining term (yrs)24.124.130.0
Secondary amount$0$120,777$0
Funding fee$0$0$0
Note rate2.830%2.830%7.400%
Blended rate3.680%4.968%7.640%
1st payment$1,351.00$1,351.00$2,804.14
2nd payment$0.00$805.18$0.00
Taxes / mo$522.67$522.67$522.67
Insurance / mo$150.00$150.00$150.00
MI / mo$232.00$232.00$81.00
HOA / mo$103.33$103.33$103.33
Total monthly$2,359.00$3,164.17$3,661.13
Cash to close$165,777$45,000$45,000