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$299,581$299,581$404,999
Remaining term (yrs)24.924.930.0
Secondary amount$0$105,418$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.834%7.640%
1st payment$1,400.48$1,400.48$2,804.13
2nd payment$0.00$702.78$0.00
Taxes / mo$128.83$128.83$128.83
Insurance / mo$150.00$150.00$150.00
MI / mo$239.25$239.25$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,918.56$2,621.35$3,163.97
Cash to close$150,418$45,000$45,000