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$283,221$283,221$400,500
Remaining term (yrs)24.924.930.0
Secondary amount$0$117,279$0
Funding fee$0$0$0
Note rate2.870%2.870%7.400%
Blended rate3.720%4.973%7.640%
1st payment$1,320.99$1,320.99$2,772.98
2nd payment$0.00$781.86$0.00
Taxes / mo$370.83$370.83$370.83
Insurance / mo$150.00$150.00$150.00
MI / mo$225.67$225.67$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,067.49$2,849.35$3,373.91
Cash to close$161,779$44,500$44,500