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$278,833$278,833$292,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$29,917$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%4.673%7.640%
1st payment$1,341.51$1,341.51$2,025.21
2nd payment$0.00$296.05$0.00
Taxes / mo$119.83$119.83$119.83
Insurance / mo$150.00$150.00$150.00
MI / mo$223.95$223.95$58.50
HOA / mo$340.00$340.00$340.00
Total monthly$2,175.30$2,471.35$2,693.54
Cash to close$46,167$16,250$32,500