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$302,440$302,440$449,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$146,660$0
Funding fee$0$0$0
Note rate3.130%3.130%7.320%
Blended rate3.980%5.293%7.560%
1st payment$1,498.30$1,498.30$3,085.01
2nd payment$0.00$977.73$0.00
Taxes / mo$415.83$415.83$415.83
Insurance / mo$166.67$166.67$166.67
MI / mo$247.59$247.59$89.82
HOA / mo$234.00$234.00$234.00
Total monthly$2,562.39$3,540.12$3,991.33
Cash to close$196,560$49,900$49,900