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$287,043$287,043$297,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$26,457$0
Funding fee$0$0$0
Note rate3.920%3.920%7.320%
Blended rate4.770%5.370%7.560%
1st payment$1,485.13$1,485.13$2,040.18
2nd payment$0.00$261.81$0.00
Taxes / mo$220.25$220.25$220.25
Insurance / mo$150.00$150.00$150.00
MI / mo$222.49$222.49$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,077.88$2,339.69$2,469.83
Cash to close$42,957$16,500$33,000