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$310,003$310,003$449,999
Remaining term (yrs)24.024.030.0
Secondary amount$0$139,996$0
Funding fee$0$0$0
Note rate2.860%2.860%7.400%
Blended rate3.710%5.045%7.640%
1st payment$1,481.84$1,481.84$3,115.70
2nd payment$0.00$933.31$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$253.48$253.48$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,318.65$3,251.96$3,789.04
Cash to close$189,996$50,000$50,000