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$289,564$289,564$324,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$34,436$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%4.800%7.560%
1st payment$1,424.07$1,424.07$2,225.66
2nd payment$0.00$258.27$0.00
Taxes / mo$107.17$107.17$107.17
Insurance / mo$150.00$150.00$150.00
MI / mo$226.04$226.04$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,907.27$2,165.55$2,547.62
Cash to close$70,436$36,000$36,000