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$279,318$279,318$387,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$107,682$0
Funding fee$0$0$0
Note rate2.910%2.910%7.400%
Blended rate3.760%4.940%7.640%
1st payment$1,345.54$1,345.54$2,679.51
2nd payment$0.00$717.88$0.00
Taxes / mo$177.17$177.17$177.17
Insurance / mo$150.00$150.00$150.00
MI / mo$228.69$228.69$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,901.39$2,619.27$3,084.08
Cash to close$150,682$43,000$43,000