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$309,696$309,696$350,910
Remaining term (yrs)24.924.930.0
Secondary amount$0$41,214$0
Funding fee$0$0$0
Note rate2.840%2.840%7.320%
Blended rate3.690%4.314%7.560%
1st payment$1,439.68$1,439.68$2,410.51
2nd payment$0.00$309.11$0.00
Taxes / mo$160.17$160.17$160.17
Insurance / mo$150.00$150.00$150.00
MI / mo$246.90$246.90$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,996.75$2,305.85$2,790.86
Cash to close$80,204$38,990$38,990