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$303,397$303,397$422,910
Remaining term (yrs)25.425.430.0
Secondary amount$0$119,513$0
Funding fee$0$0$0
Note rate3.850%3.850%7.400%
Blended rate4.700%5.633%7.640%
1st payment$1,555.06$1,555.06$2,928.14
2nd payment$0.00$796.75$0.00
Taxes / mo$391.58$391.58$391.58
Insurance / mo$166.67$166.67$166.67
MI / mo$234.96$234.96$84.58
HOA / mo$0.00$0.00$0.00
Total monthly$2,348.27$3,145.02$3,570.98
Cash to close$166,503$46,990$46,990