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$343,264$343,264$409,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$66,236$0
Funding fee$0$0$0
Note rate3.090%3.090%7.320%
Blended rate3.940%4.758%7.560%
1st payment$1,633.12$1,633.12$2,812.98
2nd payment$0.00$496.77$0.00
Taxes / mo$209.08$209.08$209.08
Insurance / mo$166.67$166.67$166.67
MI / mo$271.25$271.25$81.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,280.12$2,776.88$3,270.63
Cash to close$111,736$45,500$45,500