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$337,591$337,591$377,100
Remaining term (yrs)25.025.030.0
Secondary amount$0$39,509$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%4.390%7.640%
1st payment$1,593.77$1,593.77$2,610.96
2nd payment$0.00$296.32$0.00
Taxes / mo$166.50$166.50$166.50
Insurance / mo$150.00$150.00$150.00
MI / mo$267.77$267.77$75.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,178.04$2,474.36$3,002.88
Cash to close$81,409$41,900$41,900