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$284,588$284,588$360,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$75,412$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%4.945%7.640%
1st payment$1,390.34$1,390.34$2,492.57
2nd payment$0.00$565.59$0.00
Taxes / mo$500.42$500.42$500.42
Insurance / mo$150.00$150.00$150.00
MI / mo$232.99$232.99$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,273.75$2,839.33$3,214.98
Cash to close$115,412$40,000$40,000