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$318,965$318,965$427,499
Remaining term (yrs)25.325.330.0
Secondary amount$0$108,534$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%5.239%7.560%
1st payment$1,568.66$1,568.66$2,936.62
2nd payment$0.00$723.56$0.00
Taxes / mo$785.75$785.75$785.75
Insurance / mo$166.67$166.67$166.67
MI / mo$248.99$248.99$85.50
HOA / mo$70.00$70.00$70.00
Total monthly$2,840.07$3,563.63$4,044.54
Cash to close$156,034$47,500$47,500