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$322,851$322,851$467,100
Remaining term (yrs)17.917.930.0
Secondary amount$0$144,249$0
Funding fee$0$0$0
Note rate4.350%4.350%7.400%
Blended rate5.200%6.065%7.640%
1st payment$2,158.01$2,158.01$3,234.11
2nd payment$0.00$961.66$0.00
Taxes / mo$391.50$391.50$391.50
Insurance / mo$166.67$166.67$166.67
MI / mo$307.06$307.06$93.42
HOA / mo$200.00$200.00$200.00
Total monthly$3,223.24$4,184.91$4,085.69
Cash to close$196,149$51,900$51,900