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$308,274$308,274$359,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$51,636$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%4.974%7.560%
1st payment$1,516.09$1,516.09$2,472.33
2nd payment$0.00$387.27$0.00
Taxes / mo$83.00$83.00$83.00
Insurance / mo$150.00$150.00$150.00
MI / mo$240.64$240.64$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,989.73$2,377.00$2,777.31
Cash to close$91,626$39,990$39,990