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$281,965$281,965$334,800
Remaining term (yrs)24.624.630.0
Secondary amount$0$52,835$0
Funding fee$0$0$0
Note rate3.060%3.060%7.320%
Blended rate3.910%4.713%7.560%
1st payment$1,354.99$1,354.99$2,299.84
2nd payment$0.00$396.26$0.00
Taxes / mo$310.00$310.00$310.00
Insurance / mo$150.00$150.00$150.00
MI / mo$225.91$225.91$66.96
HOA / mo$0.00$0.00$0.00
Total monthly$2,040.90$2,437.16$2,826.80
Cash to close$90,035$37,200$37,200