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$281,251$281,251$387,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$105,749$0
Funding fee$0$0$0
Note rate2.970%2.970%7.400%
Blended rate3.820%4.962%7.640%
1st payment$1,338.40$1,338.40$2,679.51
2nd payment$0.00$705.00$0.00
Taxes / mo$221.83$221.83$221.83
Insurance / mo$150.00$150.00$150.00
MI / mo$225.73$225.73$77.40
HOA / mo$2.50$2.50$2.50
Total monthly$1,938.46$2,643.46$3,131.24
Cash to close$148,749$43,000$43,000