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$282,021$282,021$333,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$50,979$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%4.706%7.640%
1st payment$1,361.26$1,361.26$2,305.62
2nd payment$0.00$382.34$0.00
Taxes / mo$147.92$147.92$147.92
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$1,911.56$2,293.90$2,696.14
Cash to close$87,979$37,000$37,000