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$321,754$321,754$432,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$110,246$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%4.976%7.640%
1st payment$1,527.46$1,527.46$2,991.08
2nd payment$0.00$734.97$0.00
Taxes / mo$400.00$400.00$400.00
Insurance / mo$166.67$166.67$166.67
MI / mo$253.70$253.70$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,347.82$3,082.79$3,644.15
Cash to close$158,246$48,000$48,000