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$300,558$300,558$418,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$117,942$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%5.257%7.640%
1st payment$1,530.94$1,530.94$2,897.61
2nd payment$0.00$786.28$0.00
Taxes / mo$416.25$416.25$416.25
Insurance / mo$166.67$166.67$166.67
MI / mo$246.68$246.68$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,360.53$3,146.81$3,564.23
Cash to close$164,442$46,500$46,500