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$272,256$272,256$404,100
Remaining term (yrs)24.524.530.0
Secondary amount$0$131,844$0
Funding fee$0$0$0
Note rate3.090%3.090%7.320%
Blended rate3.940%5.265%7.560%
1st payment$1,315.55$1,315.55$2,775.89
2nd payment$0.00$878.96$0.00
Taxes / mo$374.17$374.17$374.17
Insurance / mo$150.00$150.00$150.00
MI / mo$218.50$218.50$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,058.21$2,937.17$3,380.87
Cash to close$176,744$44,900$44,900