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$285,495$285,495$404,550
Remaining term (yrs)23.523.530.0
Secondary amount$0$119,055$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.389%7.640%
1st payment$1,472.27$1,472.27$2,801.02
2nd payment$0.00$793.70$0.00
Taxes / mo$237.50$237.50$237.50
Insurance / mo$150.00$150.00$150.00
MI / mo$233.69$233.69$80.91
HOA / mo$90.00$90.00$90.00
Total monthly$2,183.46$2,977.16$3,359.43
Cash to close$164,005$44,950$44,950