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$282,252$282,252$292,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$26,498$0
Funding fee$0$0$0
Note rate3.550%3.550%7.320%
Blended rate4.400%5.042%7.560%
1st payment$1,403.31$1,403.31$2,009.27
2nd payment$0.00$262.22$0.00
Taxes / mo$100.00$100.00$100.00
Insurance / mo$150.00$150.00$150.00
MI / mo$219.99$219.99$58.50
HOA / mo$200.00$200.00$200.00
Total monthly$2,073.30$2,335.52$2,517.77
Cash to close$42,748$16,250$32,500