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$297,451$297,451$332,910
Remaining term (yrs)24.624.630.0
Secondary amount$0$35,459$0
Funding fee$0$0$0
Note rate2.900%2.900%7.320%
Blended rate3.750%4.309%7.560%
1st payment$1,404.73$1,404.73$2,286.86
2nd payment$0.00$265.95$0.00
Taxes / mo$250.00$250.00$250.00
Insurance / mo$150.00$150.00$150.00
MI / mo$239.05$239.05$66.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,043.78$2,309.73$2,753.44
Cash to close$72,449$36,990$36,990