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$302,815$302,815$468,000
Remaining term (yrs)23.723.730.0
Secondary amount$0$165,185$0
Funding fee$0$0$0
Note rate3.180%3.180%7.400%
Blended rate4.030%5.431%7.640%
1st payment$1,511.56$1,511.56$3,240.34
2nd payment$0.00$1,101.23$0.00
Taxes / mo$433.33$433.33$433.33
Insurance / mo$166.67$166.67$166.67
MI / mo$248.20$248.20$93.60
HOA / mo$176.00$176.00$176.00
Total monthly$2,535.77$3,637.00$4,109.94
Cash to close$217,185$52,000$52,000