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$326,081$326,081$427,500
Remaining term (yrs)23.823.830.0
Secondary amount$0$101,419$0
Funding fee$0$0$0
Note rate3.160%3.160%7.400%
Blended rate4.010%4.957%7.640%
1st payment$1,620.51$1,620.51$2,959.92
2nd payment$0.00$676.12$0.00
Taxes / mo$379.92$379.92$379.92
Insurance / mo$166.67$166.67$166.67
MI / mo$266.77$266.77$85.50
HOA / mo$16.67$16.67$16.67
Total monthly$2,450.53$3,126.66$3,608.68
Cash to close$148,919$47,500$47,500