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$319,642$319,642$432,000
Remaining term (yrs)24.524.530.0
Secondary amount$0$112,358$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%4.989%7.640%
1st payment$1,542.85$1,542.85$2,991.08
2nd payment$0.00$749.05$0.00
Taxes / mo$223.80$223.80$223.80
Insurance / mo$166.67$166.67$166.67
MI / mo$256.58$256.58$86.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,189.90$2,938.95$3,467.95
Cash to close$160,358$48,000$48,000