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$288,458$288,458$400,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$112,042$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%5.069%7.640%
1st payment$1,383.00$1,383.00$2,772.98
2nd payment$0.00$746.95$0.00
Taxes / mo$193.25$193.25$193.25
Insurance / mo$150.00$150.00$150.00
MI / mo$230.00$230.00$80.10
HOA / mo$71.67$71.67$71.67
Total monthly$2,027.91$2,774.86$3,268.00
Cash to close$156,542$44,500$44,500