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$306,927$306,927$382,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$75,573$0
Funding fee$0$0$0
Note rate3.100%3.100%7.320%
Blended rate3.950%4.948%7.560%
1st payment$1,458.68$1,458.68$2,627.51
2nd payment$0.00$566.80$0.00
Taxes / mo$334.83$334.83$334.83
Insurance / mo$150.00$150.00$150.00
MI / mo$241.97$241.97$76.50
HOA / mo$59.67$59.67$59.67
Total monthly$2,245.15$2,811.95$3,248.51
Cash to close$118,073$42,500$42,500