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$303,141$303,141$439,200
Remaining term (yrs)24.424.430.0
Secondary amount$0$136,059$0
Funding fee$0$0$0
Note rate2.880%2.880%7.400%
Blended rate3.730%5.053%7.640%
1st payment$1,438.47$1,438.47$3,040.93
2nd payment$0.00$907.06$0.00
Taxes / mo$406.67$406.67$406.67
Insurance / mo$166.67$166.67$166.67
MI / mo$245.43$245.43$87.84
HOA / mo$195.00$195.00$195.00
Total monthly$2,452.24$3,359.30$3,897.11
Cash to close$184,859$48,800$48,800