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$311,798$311,798$465,300
Remaining term (yrs)20.920.930.0
Secondary amount$0$153,502$0
Funding fee$0$0$0
Note rate3.880%3.880%7.320%
Blended rate4.730%5.809%7.560%
1st payment$1,806.33$1,806.33$3,196.29
2nd payment$0.00$1,023.35$0.00
Taxes / mo$488.92$488.92$488.92
Insurance / mo$166.67$166.67$166.67
MI / mo$271.93$271.93$93.06
HOA / mo$95.33$95.33$95.33
Total monthly$2,829.17$3,852.52$4,040.26
Cash to close$205,202$51,700$51,700