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$294,617$294,617$315,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$37,883$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%5.163%7.640%
1st payment$1,445.98$1,445.98$2,181.00
2nd payment$0.00$374.88$0.00
Taxes / mo$382.50$382.50$382.50
Insurance / mo$150.00$150.00$150.00
MI / mo$229.52$229.52$63.00
HOA / mo$155.67$155.67$155.67
Total monthly$2,363.66$2,738.55$2,932.17
Cash to close$55,383$17,500$35,000