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$288,667$288,667$382,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$93,833$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.128%7.640%
1st payment$1,406.94$1,406.94$2,648.35
2nd payment$0.00$703.74$0.00
Taxes / mo$308.50$308.50$308.50
Insurance / mo$150.00$150.00$150.00
MI / mo$235.78$235.78$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,101.22$2,804.96$3,183.35
Cash to close$136,333$42,500$42,500