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$269,606$269,606$332,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$62,494$0
Funding fee$0$0$0
Note rate3.040%3.040%7.320%
Blended rate3.890%4.852%7.560%
1st payment$1,289.88$1,289.88$2,281.30
2nd payment$0.00$468.71$0.00
Taxes / mo$307.50$307.50$307.50
Insurance / mo$150.00$150.00$150.00
MI / mo$215.61$215.61$66.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,962.98$2,431.69$2,805.22
Cash to close$99,394$36,900$36,900