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$317,416$317,416$351,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$33,584$0
Funding fee$0$0$0
Note rate3.550%3.550%7.320%
Blended rate4.400%4.840%7.560%
1st payment$1,574.98$1,574.98$2,411.13
2nd payment$0.00$251.88$0.00
Taxes / mo$325.00$325.00$325.00
Insurance / mo$150.00$150.00$150.00
MI / mo$246.90$246.90$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,296.88$2,548.76$2,956.33
Cash to close$72,584$39,000$39,000