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$316,426$316,426$368,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$52,484$0
Funding fee$0$0$0
Note rate3.850%3.850%7.320%
Blended rate4.700%5.312%7.560%
1st payment$1,621.84$1,621.84$2,534.16
2nd payment$0.00$393.63$0.00
Taxes / mo$305.33$305.33$305.33
Insurance / mo$150.00$150.00$150.00
MI / mo$245.05$245.05$73.78
HOA / mo$225.00$225.00$225.00
Total monthly$2,547.22$2,940.85$3,288.27
Cash to close$93,474$40,990$40,990