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$309,806$309,806$423,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$113,194$0
Funding fee$0$0$0
Note rate3.150%3.150%7.400%
Blended rate4.000%5.070%7.640%
1st payment$1,538.02$1,538.02$2,928.77
2nd payment$0.00$754.63$0.00
Taxes / mo$391.67$391.67$391.67
Insurance / mo$166.67$166.67$166.67
MI / mo$253.51$253.51$84.60
HOA / mo$195.00$195.00$195.00
Total monthly$2,544.86$3,299.48$3,766.70
Cash to close$160,194$47,000$47,000