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$279,008$279,008$382,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$103,492$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%5.039%7.640%
1st payment$1,327.41$1,327.41$2,648.35
2nd payment$0.00$689.95$0.00
Taxes / mo$463.50$463.50$463.50
Insurance / mo$150.00$150.00$150.00
MI / mo$220.47$220.47$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,161.38$2,851.33$3,338.35
Cash to close$145,992$42,500$42,500