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$281,583$281,583$333,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$51,417$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%4.645%7.640%
1st payment$1,347.43$1,347.43$2,305.62
2nd payment$0.00$385.63$0.00
Taxes / mo$147.94$147.94$147.94
Insurance / mo$150.00$150.00$150.00
MI / mo$226.38$226.38$66.60
HOA / mo$26.00$26.00$26.00
Total monthly$1,897.75$2,283.38$2,696.17
Cash to close$88,417$37,000$37,000