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$276,094$276,094$470,700
Remaining term (yrs)23.923.930.0
Secondary amount$0$194,606$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%5.578%7.640%
1st payment$1,348.84$1,348.84$3,259.03
2nd payment$0.00$1,297.37$0.00
Taxes / mo$435.83$435.83$435.83
Insurance / mo$166.67$166.67$166.67
MI / mo$226.04$226.04$94.14
HOA / mo$0.00$0.00$0.00
Total monthly$2,177.38$3,474.75$3,955.67
Cash to close$246,906$52,300$52,300