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$277,943$277,943$409,410
Remaining term (yrs)23.423.430.0
Secondary amount$0$131,467$0
Funding fee$0$0$0
Note rate3.400%3.400%7.400%
Blended rate4.250%5.454%7.640%
1st payment$1,432.58$1,432.58$2,834.67
2nd payment$0.00$876.44$0.00
Taxes / mo$411.75$411.75$411.75
Insurance / mo$166.67$166.67$166.67
MI / mo$228.81$228.81$81.88
HOA / mo$95.00$95.00$95.00
Total monthly$2,334.81$3,211.25$3,589.97
Cash to close$176,957$45,490$45,490