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$287,854$287,854$305,999
Remaining term (yrs)25.425.430.0
Secondary amount$0$35,145$0
Funding fee$0$0$0
Note rate3.120%3.120%7.320%
Blended rate3.970%4.830%7.560%
1st payment$1,365.17$1,365.17$2,102.00
2nd payment$0.00$347.79$0.00
Taxes / mo$178.67$178.67$178.67
Insurance / mo$150.00$150.00$150.00
MI / mo$225.88$225.88$61.20
HOA / mo$27.50$27.50$27.50
Total monthly$1,947.22$2,295.01$2,519.37
Cash to close$52,145$17,000$34,000