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$288,198$288,198$382,500
Remaining term (yrs)24.624.630.0
Secondary amount$0$94,302$0
Funding fee$0$0$0
Note rate3.060%3.060%7.320%
Blended rate3.910%5.165%7.560%
1st payment$1,384.94$1,384.94$2,627.51
2nd payment$0.00$707.26$0.00
Taxes / mo$245.33$245.33$245.33
Insurance / mo$150.00$150.00$150.00
MI / mo$230.91$230.91$76.50
HOA / mo$65.00$65.00$65.00
Total monthly$2,076.18$2,783.45$3,164.34
Cash to close$136,802$42,500$42,500