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$325,794$325,794$367,200
Remaining term (yrs)25.225.230.0
Secondary amount$0$41,406$0
Funding fee$0$0$0
Note rate3.110%3.110%7.400%
Blended rate3.960%4.528%7.640%
1st payment$1,550.05$1,550.05$2,542.42
2nd payment$0.00$310.55$0.00
Taxes / mo$369.92$369.92$369.92
Insurance / mo$150.00$150.00$150.00
MI / mo$256.80$256.80$73.44
HOA / mo$0.00$0.00$0.00
Total monthly$2,326.77$2,637.31$3,135.78
Cash to close$82,206$40,800$40,800