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$280,331$280,331$312,750
Remaining term (yrs)25.425.430.0
Secondary amount$0$32,419$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%4.787%7.640%
1st payment$1,378.66$1,378.66$2,165.42
2nd payment$0.00$243.14$0.00
Taxes / mo$285.08$285.08$285.08
Insurance / mo$150.00$150.00$150.00
MI / mo$218.83$218.83$62.55
HOA / mo$9.17$9.17$9.17
Total monthly$2,041.75$2,284.89$2,672.22
Cash to close$67,169$34,750$34,750