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$293,612$293,612$517,410
Remaining term (yrs)25.025.030.0
Secondary amount$0$223,798$0
Funding fee$0$0$0
Note rate2.900%2.900%7.400%
Blended rate3.750%5.480%7.640%
1st payment$1,370.91$1,370.91$3,582.44
2nd payment$0.00$1,445.36$0.00
Taxes / mo$179.92$179.92$179.92
Insurance / mo$166.67$166.67$166.67
MI / mo$233.30$233.30$103.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,950.79$3,396.15$4,032.51
Cash to close$281,288$57,490$57,490