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$283,545$283,545$323,910
Remaining term (yrs)24.824.830.0
Secondary amount$0$40,365$0
Funding fee$0$0$0
Note rate2.990%2.990%7.400%
Blended rate3.840%4.483%7.640%
1st payment$1,346.15$1,346.15$2,242.69
2nd payment$0.00$302.73$0.00
Taxes / mo$299.92$299.92$299.92
Insurance / mo$150.00$150.00$150.00
MI / mo$226.46$226.46$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$2,022.53$2,325.26$2,757.39
Cash to close$76,355$35,990$35,990