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$298,047$298,047$405,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$106,953$0
Funding fee$0$0$0
Note rate3.130%3.130%7.320%
Blended rate3.980%5.042%7.560%
1st payment$1,473.09$1,473.09$2,782.07
2nd payment$0.00$713.02$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$243.43$243.43$81.00
HOA / mo$450.00$450.00$450.00
Total monthly$2,691.52$3,404.54$3,838.07
Cash to close$151,953$45,000$45,000