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$230,728$230,728$279,000
Remaining term (yrs)20.620.630.0
Secondary amount$0$48,272$0
Funding fee$0$0$0
Note rate3.300%3.300%7.400%
Blended rate4.150%4.989%7.640%
1st payment$1,281.02$1,281.02$1,931.74
2nd payment$0.00$362.04$0.00
Taxes / mo$131.50$131.50$131.50
Insurance / mo$150.00$150.00$150.00
MI / mo$207.19$207.19$55.80
HOA / mo$288.00$288.00$288.00
Total monthly$2,057.71$2,419.75$2,557.04
Cash to close$79,272$31,000$31,000