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$277,454$277,454$359,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$81,646$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%5.454%7.640%
1st payment$1,380.95$1,380.95$2,486.34
2nd payment$0.00$612.35$0.00
Taxes / mo$299.00$299.00$299.00
Insurance / mo$150.00$150.00$150.00
MI / mo$216.22$216.22$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,046.17$2,658.52$3,007.16
Cash to close$121,546$39,900$39,900