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$272,367$272,367$396,799
Remaining term (yrs)25.425.430.0
Secondary amount$0$124,432$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%5.460%7.560%
1st payment$1,339.50$1,339.50$2,725.74
2nd payment$0.00$829.55$0.00
Taxes / mo$367.41$367.41$367.41
Insurance / mo$150.00$150.00$150.00
MI / mo$212.61$212.61$79.36
HOA / mo$0.00$0.00$0.00
Total monthly$2,069.52$2,899.06$3,322.50
Cash to close$168,521$44,089$44,089