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$301,362$301,362$431,910
Remaining term (yrs)23.523.530.0
Secondary amount$0$130,548$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.418%7.640%
1st payment$1,554.09$1,554.09$2,990.46
2nd payment$0.00$870.32$0.00
Taxes / mo$416.25$416.25$416.25
Insurance / mo$166.67$166.67$166.67
MI / mo$246.68$246.68$86.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,383.69$3,254.01$3,659.76
Cash to close$178,538$47,990$47,990