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$282,996$282,996$329,399
Remaining term (yrs)23.223.230.0
Secondary amount$0$46,403$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%5.168%7.640%
1st payment$1,508.95$1,508.95$2,280.69
2nd payment$0.00$348.02$0.00
Taxes / mo$310.42$310.42$310.42
Insurance / mo$150.00$150.00$150.00
MI / mo$232.50$232.50$65.88
HOA / mo$95.00$95.00$95.00
Total monthly$2,296.87$2,644.88$2,901.99
Cash to close$83,003$36,600$36,600