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$285,040$285,040$481,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$196,460$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%5.537%7.640%
1st payment$1,388.12$1,388.12$3,333.81
2nd payment$0.00$1,309.74$0.00
Taxes / mo$284.50$284.50$284.50
Insurance / mo$166.67$166.67$166.67
MI / mo$233.52$233.52$96.30
HOA / mo$75.00$75.00$75.00
Total monthly$2,147.81$3,457.54$3,956.28
Cash to close$249,960$53,500$53,500