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$295,517$295,517$359,999
Remaining term (yrs)25.125.130.0
Secondary amount$0$64,482$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%4.846%7.640%
1st payment$1,405.96$1,405.96$2,492.56
2nd payment$0.00$483.62$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$233.52$233.52$72.00
HOA / mo$475.00$475.00$475.00
Total monthly$2,597.80$3,081.42$3,522.89
Cash to close$104,482$40,000$40,000