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$330,783$330,783$364,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$33,717$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%4.390%7.640%
1st payment$1,566.86$1,566.86$2,523.72
2nd payment$0.00$252.87$0.00
Taxes / mo$174.17$174.17$174.17
Insurance / mo$150.00$150.00$150.00
MI / mo$260.90$260.90$72.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,151.93$2,404.80$2,920.79
Cash to close$74,217$40,500$40,500