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$312,167$312,167$417,600
Remaining term (yrs)23.823.830.0
Secondary amount$0$105,433$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.850%4.898%7.560%
1st payment$1,525.47$1,525.47$2,868.62
2nd payment$0.00$702.89$0.00
Taxes / mo$217.50$217.50$217.50
Insurance / mo$166.67$166.67$166.67
MI / mo$256.29$256.29$83.52
HOA / mo$0.00$0.00$0.00
Total monthly$2,165.93$2,868.81$3,336.31
Cash to close$151,833$46,400$46,400