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$303,256$303,256$391,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$88,244$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%5.073%7.640%
1st payment$1,463.75$1,463.75$2,710.67
2nd payment$0.00$661.83$0.00
Taxes / mo$362.50$362.50$362.50
Insurance / mo$150.00$150.00$150.00
MI / mo$243.43$243.43$78.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,219.68$2,881.51$3,301.47
Cash to close$131,744$43,500$43,500