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$310,164$310,164$494,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$184,746$0
Funding fee$0$0$0
Note rate3.170%3.170%7.400%
Blended rate4.020%5.506%7.640%
1st payment$1,511.69$1,511.69$3,426.66
2nd payment$0.00$1,231.64$0.00
Taxes / mo$545.42$545.42$545.42
Insurance / mo$166.67$166.67$166.67
MI / mo$248.54$248.54$98.98
HOA / mo$183.00$183.00$183.00
Total monthly$2,655.32$3,886.96$4,420.72
Cash to close$239,736$54,990$54,990