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$285,926$285,926$373,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$87,574$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%5.119%7.640%
1st payment$1,380.11$1,380.11$2,586.04
2nd payment$0.00$656.80$0.00
Taxes / mo$308.67$308.67$308.67
Insurance / mo$150.00$150.00$150.00
MI / mo$229.52$229.52$74.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,068.29$2,725.09$3,119.41
Cash to close$129,074$41,500$41,500