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$276,827$276,827$310,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$33,673$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%4.489%7.640%
1st payment$1,317.04$1,317.04$2,149.84
2nd payment$0.00$252.55$0.00
Taxes / mo$393.08$393.08$393.08
Insurance / mo$150.00$150.00$150.00
MI / mo$218.75$218.75$62.10
HOA / mo$470.00$470.00$470.00
Total monthly$2,548.87$2,801.42$3,225.02
Cash to close$68,173$34,500$34,500