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$275,080$275,080$323,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$48,830$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%4.703%7.640%
1st payment$1,308.73$1,308.73$2,242.69
2nd payment$0.00$366.22$0.00
Taxes / mo$298.83$298.83$298.83
Insurance / mo$150.00$150.00$150.00
MI / mo$217.37$217.37$64.78
HOA / mo$40.00$40.00$40.00
Total monthly$2,014.93$2,381.15$2,796.30
Cash to close$84,820$35,990$35,990