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$301,934$301,934$449,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$147,166$0
Funding fee$0$0$0
Note rate3.180%3.180%7.400%
Blended rate4.030%5.331%7.640%
1st payment$1,469.90$1,469.90$3,109.48
2nd payment$0.00$981.11$0.00
Taxes / mo$415.83$415.83$415.83
Insurance / mo$166.67$166.67$166.67
MI / mo$241.36$241.36$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,293.76$3,274.87$3,781.80
Cash to close$197,066$49,900$49,900