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$309,246$309,246$366,300
Remaining term (yrs)23.823.830.0
Secondary amount$0$57,054$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%4.762%7.640%
1st payment$1,532.02$1,532.02$2,536.19
2nd payment$0.00$427.91$0.00
Taxes / mo$210.83$210.83$210.83
Insurance / mo$150.00$150.00$150.00
MI / mo$253.16$253.16$73.26
HOA / mo$0.00$0.00$0.00
Total monthly$2,146.01$2,573.92$2,970.28
Cash to close$97,754$40,700$40,700