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$292,048$292,048$341,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$49,862$0
Funding fee$0$0$0
Note rate3.890%3.890%7.400%
Blended rate4.740%5.361%7.640%
1st payment$1,503.33$1,503.33$2,367.32
2nd payment$0.00$373.96$0.00
Taxes / mo$197.67$197.67$197.67
Insurance / mo$150.00$150.00$150.00
MI / mo$226.04$226.04$68.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,077.03$2,451.00$2,783.36
Cash to close$87,852$37,990$37,990