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$273,356$273,356$332,910
Remaining term (yrs)23.023.030.0
Secondary amount$0$59,554$0
Funding fee$0$0$0
Note rate3.620%3.620%7.320%
Blended rate4.470%5.280%7.560%
1st payment$1,453.97$1,453.97$2,286.86
2nd payment$0.00$446.66$0.00
Taxes / mo$251.50$251.50$251.50
Insurance / mo$150.00$150.00$150.00
MI / mo$225.97$225.97$66.58
HOA / mo$33.00$33.00$33.00
Total monthly$2,114.44$2,561.09$2,787.94
Cash to close$96,544$36,990$36,990