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$312,990$312,990$395,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$82,920$0
Funding fee$0$0$0
Note rate2.780%2.780%7.320%
Blended rate3.630%4.755%7.560%
1st payment$1,448.67$1,448.67$2,719.63
2nd payment$0.00$621.90$0.00
Taxes / mo$428.50$428.50$428.50
Insurance / mo$150.00$150.00$150.00
MI / mo$250.38$250.38$79.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,277.55$2,899.45$3,377.31
Cash to close$126,910$43,990$43,990