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$283,192$283,192$337,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$54,308$0
Funding fee$0$0$0
Note rate3.220%3.220%7.400%
Blended rate4.070%4.863%7.640%
1st payment$1,358.01$1,358.01$2,336.78
2nd payment$0.00$407.31$0.00
Taxes / mo$126.64$126.64$126.64
Insurance / mo$150.00$150.00$150.00
MI / mo$221.87$221.87$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,856.51$2,263.82$2,680.92
Cash to close$91,808$37,500$37,500