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$271,430$271,430$292,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$37,320$0
Funding fee$0$0$0
Note rate3.760%3.760%7.320%
Blended rate4.610%5.488%7.560%
1st payment$1,377.81$1,377.81$2,009.27
2nd payment$0.00$369.31$0.00
Taxes / mo$361.08$361.08$361.08
Insurance / mo$150.00$150.00$150.00
MI / mo$210.48$210.48$58.50
HOA / mo$43.33$43.33$43.33
Total monthly$2,142.70$2,512.01$2,622.19
Cash to close$53,570$16,250$32,500