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$282,174$282,174$395,100
Remaining term (yrs)24.824.830.0
Secondary amount$0$112,926$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%5.050%7.560%
1st payment$1,344.04$1,344.04$2,714.06
2nd payment$0.00$752.84$0.00
Taxes / mo$507.75$507.75$507.75
Insurance / mo$150.00$150.00$150.00
MI / mo$225.24$225.24$79.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,227.03$2,979.87$3,450.83
Cash to close$156,826$43,900$43,900