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$309,836$309,836$404,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$94,264$0
Funding fee$0$0$0
Note rate3.010%3.010%7.400%
Blended rate3.860%5.059%7.640%
1st payment$1,464.36$1,464.36$2,797.91
2nd payment$0.00$706.98$0.00
Taxes / mo$374.17$374.17$374.17
Insurance / mo$150.00$150.00$150.00
MI / mo$245.71$245.71$80.82
HOA / mo$714.00$714.00$714.00
Total monthly$2,948.23$3,655.21$4,116.89
Cash to close$139,164$44,900$44,900