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$293,457$293,457$346,500
Remaining term (yrs)24.724.730.0
Secondary amount$0$53,043$0
Funding fee$0$0$0
Note rate2.950%2.950%7.400%
Blended rate3.800%4.596%7.640%
1st payment$1,390.27$1,390.27$2,399.10
2nd payment$0.00$397.82$0.00
Taxes / mo$236.83$236.83$236.83
Insurance / mo$150.00$150.00$150.00
MI / mo$235.08$235.08$69.30
HOA / mo$125.00$125.00$125.00
Total monthly$2,137.19$2,535.01$2,980.23
Cash to close$91,543$38,500$38,500