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$283,579$283,579$296,999
Remaining term (yrs)25.325.330.0
Secondary amount$0$29,920$0
Funding fee$0$0$0
Note rate3.110%3.110%7.240%
Blended rate3.960%4.715%7.480%
1st payment$1,343.41$1,343.41$2,024.04
2nd payment$0.00$296.08$0.00
Taxes / mo$275.00$275.00$275.00
Insurance / mo$150.00$150.00$150.00
MI / mo$222.56$222.56$59.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,990.97$2,287.05$2,508.44
Cash to close$46,420$16,500$33,000