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$318,548$318,548$431,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$113,362$0
Funding fee$0$0$0
Note rate3.220%3.220%7.320%
Blended rate4.070%5.101%7.560%
1st payment$1,530.78$1,530.78$2,966.92
2nd payment$0.00$755.75$0.00
Taxes / mo$399.92$399.92$399.92
Insurance / mo$166.67$166.67$166.67
MI / mo$250.09$250.09$86.38
HOA / mo$0.00$0.00$0.00
Total monthly$2,347.46$3,103.21$3,619.89
Cash to close$161,352$47,990$47,990