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$316,019$316,019$472,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$156,481$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.378%7.640%
1st payment$1,585.72$1,585.72$3,271.49
2nd payment$0.00$1,043.21$0.00
Taxes / mo$418.25$418.25$418.25
Insurance / mo$166.67$166.67$166.67
MI / mo$258.74$258.74$94.50
HOA / mo$50.00$50.00$50.00
Total monthly$2,479.38$3,522.59$4,000.91
Cash to close$208,981$52,500$52,500