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$294,648$294,648$364,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$69,852$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%4.910%7.640%
1st payment$1,423.74$1,423.74$2,523.72
2nd payment$0.00$523.89$0.00
Taxes / mo$337.50$337.50$337.50
Insurance / mo$150.00$150.00$150.00
MI / mo$236.47$236.47$72.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,147.71$2,671.60$3,084.12
Cash to close$110,352$40,500$40,500