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$281,276$281,276$386,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$104,824$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.305%7.640%
1st payment$1,388.99$1,388.99$2,673.28
2nd payment$0.00$698.83$0.00
Taxes / mo$199.75$199.75$199.75
Insurance / mo$150.00$150.00$150.00
MI / mo$220.47$220.47$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,959.21$2,658.04$3,100.25
Cash to close$147,724$42,900$42,900