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$325,525$325,525$459,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$133,475$0
Funding fee$0$0$0
Note rate3.060%3.060%7.320%
Blended rate3.910%5.099%7.560%
1st payment$1,564.32$1,564.32$3,153.01
2nd payment$0.00$889.83$0.00
Taxes / mo$190.00$190.00$190.00
Insurance / mo$166.67$166.67$166.67
MI / mo$260.81$260.81$91.80
HOA / mo$50.00$50.00$50.00
Total monthly$2,231.80$3,121.63$3,651.48
Cash to close$184,475$51,000$51,000