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$331,383$331,383$351,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$39,117$0
Funding fee$0$0$0
Note rate3.950%3.950%7.320%
Blended rate4.800%5.547%7.560%
1st payment$1,790.19$1,790.19$2,411.13
2nd payment$0.00$387.09$0.00
Taxes / mo$69.83$69.83$69.83
Insurance / mo$150.00$150.00$150.00
MI / mo$267.22$267.22$70.20
HOA / mo$25.00$25.00$25.00
Total monthly$2,302.24$2,689.34$2,726.16
Cash to close$58,617$19,500$39,000