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$287,280$287,280$314,550
Remaining term (yrs)25.525.530.0
Secondary amount$0$27,270$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%4.927%7.640%
1st payment$1,444.45$1,444.45$2,177.88
2nd payment$0.00$204.53$0.00
Taxes / mo$291.25$291.25$291.25
Insurance / mo$150.00$150.00$150.00
MI / mo$222.56$222.56$62.91
HOA / mo$0.00$0.00$0.00
Total monthly$2,108.26$2,312.79$2,682.04
Cash to close$62,220$34,950$34,950