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$296,669$296,669$360,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$63,331$0
Funding fee$0$0$0
Note rate3.920%3.920%7.400%
Blended rate4.770%5.514%7.640%
1st payment$1,532.02$1,532.02$2,492.57
2nd payment$0.00$474.98$0.00
Taxes / mo$70.25$70.25$70.25
Insurance / mo$150.00$150.00$150.00
MI / mo$229.52$229.52$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,981.79$2,456.77$2,784.82
Cash to close$103,331$40,000$40,000