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$283,579$283,579$305,999
Remaining term (yrs)25.425.430.0
Secondary amount$0$39,420$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%4.926%7.640%
1st payment$1,343.41$1,343.41$2,118.68
2nd payment$0.00$390.09$0.00
Taxes / mo$283.33$283.33$283.33
Insurance / mo$150.00$150.00$150.00
MI / mo$222.56$222.56$61.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,999.30$2,389.39$2,613.21
Cash to close$56,420$17,000$34,000