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$304,859$304,859$396,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$91,141$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%5.613%7.640%
1st payment$1,653.95$1,653.95$2,741.82
2nd payment$0.00$683.55$0.00
Taxes / mo$492.42$492.42$492.42
Insurance / mo$150.00$150.00$150.00
MI / mo$252.97$252.97$79.20
HOA / mo$201.00$201.00$201.00
Total monthly$2,750.34$3,433.89$3,664.44
Cash to close$135,141$44,000$44,000