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$311,950$311,950$333,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$39,550$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%5.241%7.640%
1st payment$1,550.96$1,550.96$2,305.62
2nd payment$0.00$391.38$0.00
Taxes / mo$255.83$255.83$255.83
Insurance / mo$150.00$150.00$150.00
MI / mo$243.14$243.14$66.60
HOA / mo$255.00$255.00$255.00
Total monthly$2,454.94$2,846.32$3,033.06
Cash to close$58,050$18,500$37,000