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$275,117$275,117$427,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$152,383$0
Funding fee$0$0$0
Note rate3.490%3.490%7.320%
Blended rate4.340%5.645%7.560%
1st payment$1,444.39$1,444.39$2,936.63
2nd payment$0.00$1,015.88$0.00
Taxes / mo$216.50$216.50$216.50
Insurance / mo$166.67$166.67$166.67
MI / mo$228.13$228.13$85.50
HOA / mo$11.00$11.00$11.00
Total monthly$2,066.68$3,082.57$3,416.30
Cash to close$199,883$47,500$47,500