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$308,172$308,172$387,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$78,828$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%4.891%7.640%
1st payment$1,500.78$1,500.78$2,679.51
2nd payment$0.00$591.21$0.00
Taxes / mo$436.33$436.33$436.33
Insurance / mo$150.00$150.00$150.00
MI / mo$252.47$252.47$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,339.58$2,930.79$3,343.24
Cash to close$121,828$43,000$43,000