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$292,547$292,547$431,100
Remaining term (yrs)23.723.730.0
Secondary amount$0$138,553$0
Funding fee$0$0$0
Note rate3.150%3.150%7.320%
Blended rate4.000%5.286%7.560%
1st payment$1,455.74$1,455.74$2,961.36
2nd payment$0.00$923.69$0.00
Taxes / mo$136.39$136.39$136.39
Insurance / mo$166.67$166.67$166.67
MI / mo$239.95$239.95$86.22
HOA / mo$465.00$465.00$465.00
Total monthly$2,463.74$3,387.43$3,815.64
Cash to close$186,453$47,900$47,900