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$302,152$302,152$341,100
Remaining term (yrs)25.425.430.0
Secondary amount$0$38,948$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%5.049%7.640%
1st payment$1,525.20$1,525.20$2,361.71
2nd payment$0.00$292.11$0.00
Taxes / mo$319.33$319.33$319.33
Insurance / mo$150.00$150.00$150.00
MI / mo$235.00$235.00$68.22
HOA / mo$41.25$41.25$41.25
Total monthly$2,270.78$2,562.89$2,940.51
Cash to close$76,848$37,900$37,900