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$272,145$272,145$422,100
Remaining term (yrs)23.923.930.0
Secondary amount$0$149,955$0
Funding fee$0$0$0
Note rate3.070%3.070%7.320%
Blended rate3.920%5.369%7.560%
1st payment$1,336.59$1,336.59$2,899.53
2nd payment$0.00$999.70$0.00
Taxes / mo$390.83$390.83$390.83
Insurance / mo$166.67$166.67$166.67
MI / mo$222.56$222.56$84.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,116.65$3,116.35$3,541.45
Cash to close$196,855$46,900$46,900