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$303,969$303,969$436,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$132,531$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%5.528%7.560%
1st payment$1,617.31$1,617.31$2,998.45
2nd payment$0.00$883.54$0.00
Taxes / mo$409.17$409.17$409.17
Insurance / mo$166.67$166.67$166.67
MI / mo$251.97$251.97$87.30
HOA / mo$65.00$65.00$65.00
Total monthly$2,510.11$3,393.65$3,726.59
Cash to close$181,031$48,500$48,500