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$301,799$301,799$409,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$107,701$0
Funding fee$0$0$0
Note rate3.160%3.160%7.320%
Blended rate4.010%5.059%7.560%
1st payment$1,499.83$1,499.83$2,812.98
2nd payment$0.00$718.01$0.00
Taxes / mo$379.17$379.17$379.17
Insurance / mo$166.67$166.67$166.67
MI / mo$246.90$246.90$81.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,292.57$3,010.58$3,440.71
Cash to close$153,201$45,500$45,500