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$275,544$275,544$342,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$66,456$0
Funding fee$0$0$0
Note rate3.160%3.160%7.320%
Blended rate4.010%4.980%7.560%
1st payment$1,369.36$1,369.36$2,349.30
2nd payment$0.00$498.42$0.00
Taxes / mo$426.92$426.92$426.92
Insurance / mo$150.00$150.00$150.00
MI / mo$225.42$225.42$68.40
HOA / mo$110.00$110.00$110.00
Total monthly$2,281.70$2,780.12$3,104.62
Cash to close$104,456$38,000$38,000