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$315,678$315,678$355,050
Remaining term (yrs)25.225.230.0
Secondary amount$0$39,372$0
Funding fee$0$0$0
Note rate3.070%3.070%7.320%
Blended rate3.920%4.483%7.560%
1st payment$1,495.31$1,495.31$2,438.95
2nd payment$0.00$295.29$0.00
Taxes / mo$169.83$169.83$169.83
Insurance / mo$150.00$150.00$150.00
MI / mo$248.99$248.99$71.01
HOA / mo$0.00$0.00$0.00
Total monthly$2,064.13$2,359.42$2,829.79
Cash to close$78,822$39,450$39,450