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$287,319$287,319$368,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$80,781$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%5.043%7.640%
1st payment$1,386.83$1,386.83$2,548.65
2nd payment$0.00$605.86$0.00
Taxes / mo$261.75$261.75$261.75
Insurance / mo$150.00$150.00$150.00
MI / mo$230.63$230.63$73.62
HOA / mo$250.00$250.00$250.00
Total monthly$2,279.21$2,885.07$3,284.02
Cash to close$121,681$40,900$40,900