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$277,385$277,385$315,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$37,615$0
Funding fee$0$0$0
Note rate3.120%3.120%7.320%
Blended rate3.970%4.571%7.560%
1st payment$1,324.06$1,324.06$2,163.83
2nd payment$0.00$282.11$0.00
Taxes / mo$271.58$271.58$271.58
Insurance / mo$150.00$150.00$150.00
MI / mo$219.08$219.08$63.00
HOA / mo$293.00$293.00$293.00
Total monthly$2,257.71$2,539.83$2,941.41
Cash to close$72,615$35,000$35,000