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$290,111$290,111$387,000
Remaining term (yrs)24.324.330.0
Secondary amount$0$96,889$0
Funding fee$0$0$0
Note rate2.670%2.670%7.400%
Blended rate3.520%4.892%7.640%
1st payment$1,348.77$1,348.77$2,679.51
2nd payment$0.00$726.67$0.00
Taxes / mo$120.33$120.33$120.33
Insurance / mo$150.00$150.00$150.00
MI / mo$236.47$236.47$77.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,855.58$2,582.25$3,027.24
Cash to close$139,889$43,000$43,000