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$275,912$275,912$404,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$128,188$0
Funding fee$0$0$0
Note rate2.990%2.990%7.320%
Blended rate3.840%5.160%7.560%
1st payment$1,343.67$1,343.67$2,775.89
2nd payment$0.00$854.59$0.00
Taxes / mo$153.17$153.17$153.17
Insurance / mo$150.00$150.00$150.00
MI / mo$226.04$226.04$80.82
HOA / mo$40.00$40.00$40.00
Total monthly$1,912.88$2,767.47$3,199.87
Cash to close$173,088$44,900$44,900