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$304,776$304,776$360,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$55,224$0
Funding fee$0$0$0
Note rate3.050%3.050%7.400%
Blended rate3.900%4.682%7.640%
1st payment$1,437.34$1,437.34$2,492.57
2nd payment$0.00$414.18$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$239.95$239.95$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,160.62$2,574.80$3,047.90
Cash to close$95,224$40,000$40,000