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$323,120$323,120$360,000
Remaining term (yrs)25.825.830.0
Secondary amount$0$36,880$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%5.060%7.640%
1st payment$1,627.64$1,627.64$2,492.57
2nd payment$0.00$276.60$0.00
Taxes / mo$349.94$349.94$349.94
Insurance / mo$150.00$150.00$150.00
MI / mo$248.64$248.64$72.00
HOA / mo$10.42$10.42$10.42
Total monthly$2,386.64$2,663.24$3,074.92
Cash to close$76,880$40,000$40,000