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$325,850$325,850$422,910
Remaining term (yrs)25.225.230.0
Secondary amount$0$97,060$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%5.117%7.640%
1st payment$1,550.32$1,550.32$2,928.14
2nd payment$0.00$727.95$0.00
Taxes / mo$433.42$433.42$433.42
Insurance / mo$166.67$166.67$166.67
MI / mo$256.84$256.84$84.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,407.25$3,135.19$3,612.81
Cash to close$144,050$46,990$46,990