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$294,450$294,450$324,000
Remaining term (yrs)25.125.130.0
Secondary amount$0$29,550$0
Funding fee$0$0$0
Note rate3.010%3.010%7.320%
Blended rate3.860%4.329%7.560%
1st payment$1,388.57$1,388.57$2,225.66
2nd payment$0.00$221.63$0.00
Taxes / mo$104.83$104.83$104.83
Insurance / mo$150.00$150.00$150.00
MI / mo$232.99$232.99$64.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,876.39$2,098.02$2,545.29
Cash to close$65,550$36,000$36,000