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$292,957$292,957$314,999
Remaining term (yrs)25.425.430.0
Secondary amount$0$39,542$0
Funding fee$0$0$0
Note rate3.220%3.220%7.400%
Blended rate4.070%4.998%7.640%
1st payment$1,404.83$1,404.83$2,180.99
2nd payment$0.00$391.30$0.00
Taxes / mo$291.67$291.67$291.67
Insurance / mo$150.00$150.00$150.00
MI / mo$229.52$229.52$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,076.02$2,467.32$2,685.66
Cash to close$57,042$17,500$35,000