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$291,821$291,821$495,000
Remaining term (yrs)24.024.030.0
Secondary amount$0$203,179$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%5.374%7.640%
1st payment$1,396.42$1,396.42$3,427.28
2nd payment$0.00$1,312.20$0.00
Taxes / mo$140.83$140.83$140.83
Insurance / mo$166.67$166.67$166.67
MI / mo$238.56$238.56$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,942.49$3,254.68$3,833.78
Cash to close$258,179$55,000$55,000