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$269,284$269,284$292,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$39,466$0
Funding fee$0$0$0
Note rate3.110%3.110%7.320%
Blended rate3.960%4.972%7.560%
1st payment$1,281.20$1,281.20$2,009.27
2nd payment$0.00$390.54$0.00
Taxes / mo$107.42$107.42$107.42
Insurance / mo$150.00$150.00$150.00
MI / mo$212.25$212.25$58.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,750.87$2,141.41$2,325.19
Cash to close$55,716$16,250$32,500