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$314,513$314,513$328,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$32,237$0
Funding fee$0$0$0
Note rate3.890%3.890%7.320%
Blended rate4.740%5.403%7.560%
1st payment$1,618.97$1,618.97$2,256.57
2nd payment$0.00$319.01$0.00
Taxes / mo$338.67$338.67$338.67
Insurance / mo$150.00$150.00$150.00
MI / mo$243.43$243.43$65.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,351.06$2,670.07$2,810.93
Cash to close$50,487$18,250$36,500