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$313,289$313,289$328,500
Remaining term (yrs)25.525.530.0
Secondary amount$0$33,461$0
Funding fee$0$0$0
Note rate3.850%3.850%7.320%
Blended rate4.700%5.392%7.560%
1st payment$1,602.70$1,602.70$2,256.57
2nd payment$0.00$331.13$0.00
Taxes / mo$369.00$369.00$369.00
Insurance / mo$150.00$150.00$150.00
MI / mo$242.16$242.16$65.70
HOA / mo$99.33$99.33$99.33
Total monthly$2,463.18$2,794.31$2,940.60
Cash to close$51,711$18,250$36,500