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$313,139$313,139$378,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$64,861$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%4.808%7.640%
1st payment$1,486.56$1,486.56$2,617.20
2nd payment$0.00$486.46$0.00
Taxes / mo$350.00$350.00$350.00
Insurance / mo$150.00$150.00$150.00
MI / mo$246.90$246.90$75.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,233.46$2,719.92$3,192.80
Cash to close$106,861$42,000$42,000