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$298,843$298,843$323,991
Remaining term (yrs)25.325.330.0
Secondary amount$0$25,148$0
Funding fee$0$0$0
Note rate3.550%3.550%7.320%
Blended rate4.400%4.757%7.560%
1st payment$1,485.80$1,485.80$2,225.59
2nd payment$0.00$188.61$0.00
Taxes / mo$260.25$260.25$260.25
Insurance / mo$150.00$150.00$150.00
MI / mo$232.92$232.92$64.80
HOA / mo$83.00$83.00$83.00
Total monthly$2,211.97$2,400.58$2,783.64
Cash to close$61,147$35,999$35,999