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$345,733$345,733$431,100
Remaining term (yrs)23.723.730.0
Secondary amount$0$85,367$0
Funding fee$0$0$0
Note rate3.230%3.230%7.400%
Blended rate4.080%5.054%7.640%
1st payment$1,734.82$1,734.82$2,984.85
2nd payment$0.00$640.25$0.00
Taxes / mo$286.58$286.58$286.58
Insurance / mo$166.67$166.67$166.67
MI / mo$283.07$283.07$86.22
HOA / mo$18.33$18.33$18.33
Total monthly$2,489.47$3,129.72$3,542.65
Cash to close$133,267$47,900$47,900