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$290,935$290,935$319,500
Remaining term (yrs)25.325.330.0
Secondary amount$0$28,565$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%4.402%7.640%
1st payment$1,379.69$1,379.69$2,212.15
2nd payment$0.00$214.24$0.00
Taxes / mo$295.83$295.83$295.83
Insurance / mo$150.00$150.00$150.00
MI / mo$228.86$228.86$63.90
HOA / mo$449.00$449.00$449.00
Total monthly$2,503.39$2,717.63$3,170.89
Cash to close$64,065$35,500$35,500