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$315,676$315,676$422,910
Remaining term (yrs)22.822.830.0
Secondary amount$0$107,234$0
Funding fee$0$0$0
Note rate3.820%3.820%7.400%
Blended rate4.670%5.514%7.640%
1st payment$1,724.47$1,724.47$2,928.14
2nd payment$0.00$714.89$0.00
Taxes / mo$390.42$390.42$390.42
Insurance / mo$166.67$166.67$166.67
MI / mo$261.51$261.51$84.58
HOA / mo$42.00$42.00$42.00
Total monthly$2,585.06$3,299.95$3,611.81
Cash to close$154,224$46,990$46,990