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$294,007$294,007$310,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$33,743$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%4.793%7.640%
1st payment$1,426.79$1,426.79$2,149.84
2nd payment$0.00$333.91$0.00
Taxes / mo$258.83$258.83$258.83
Insurance / mo$150.00$150.00$150.00
MI / mo$235.78$235.78$62.10
HOA / mo$155.00$155.00$155.00
Total monthly$2,226.40$2,560.31$2,775.77
Cash to close$50,993$17,250$34,500