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$309,777$309,777$377,100
Remaining term (yrs)24.924.930.0
Secondary amount$0$67,323$0
Funding fee$0$0$0
Note rate2.870%2.870%7.320%
Blended rate3.720%4.663%7.560%
1st payment$1,444.85$1,444.85$2,590.42
2nd payment$0.00$504.92$0.00
Taxes / mo$97.92$97.92$97.92
Insurance / mo$150.00$150.00$150.00
MI / mo$246.83$246.83$75.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,939.60$2,444.52$2,913.75
Cash to close$109,223$41,900$41,900