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$305,888$305,888$355,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$49,612$0
Funding fee$0$0$0
Note rate3.220%3.220%7.320%
Blended rate4.070%4.758%7.560%
1st payment$1,473.07$1,473.07$2,442.04
2nd payment$0.00$372.09$0.00
Taxes / mo$163.42$163.42$163.42
Insurance / mo$150.00$150.00$150.00
MI / mo$240.66$240.66$71.10
HOA / mo$89.00$89.00$89.00
Total monthly$2,116.15$2,488.25$2,915.56
Cash to close$89,112$39,500$39,500