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$295,319$295,319$396,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$100,681$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%5.367%7.640%
1st payment$1,574.42$1,574.42$2,741.82
2nd payment$0.00$671.21$0.00
Taxes / mo$282.75$282.75$282.75
Insurance / mo$150.00$150.00$150.00
MI / mo$244.69$244.69$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,251.85$2,923.06$3,253.77
Cash to close$144,681$44,000$44,000