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$282,287$282,287$405,000
Remaining term (yrs)23.223.230.0
Secondary amount$0$122,713$0
Funding fee$0$0$0
Note rate3.660%3.660%7.400%
Blended rate4.510%5.567%7.640%
1st payment$1,500.65$1,500.65$2,804.14
2nd payment$0.00$818.08$0.00
Taxes / mo$271.75$271.75$271.75
Insurance / mo$150.00$150.00$150.00
MI / mo$232.07$232.07$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,154.47$2,972.55$3,306.89
Cash to close$167,713$45,000$45,000