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$338,926$338,926$359,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$40,124$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.850%4.699%7.560%
1st payment$1,614.47$1,614.47$2,466.77
2nd payment$0.00$397.06$0.00
Taxes / mo$332.50$332.50$332.50
Insurance / mo$150.00$150.00$150.00
MI / mo$271.25$271.25$71.82
HOA / mo$742.00$742.00$742.00
Total monthly$3,110.22$3,507.28$3,763.09
Cash to close$60,074$19,950$39,900