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$281,460$281,460$404,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$122,640$0
Funding fee$0$0$0
Note rate3.050%3.050%7.320%
Blended rate3.900%5.144%7.560%
1st payment$1,333.18$1,333.18$2,775.89
2nd payment$0.00$817.60$0.00
Taxes / mo$137.67$137.67$137.67
Insurance / mo$150.00$150.00$150.00
MI / mo$222.56$222.56$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,843.41$2,661.01$3,144.37
Cash to close$167,540$44,900$44,900