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$292,547$292,547$422,100
Remaining term (yrs)23.723.730.0
Secondary amount$0$129,553$0
Funding fee$0$0$0
Note rate3.150%3.150%7.320%
Blended rate4.000%5.228%7.560%
1st payment$1,455.74$1,455.74$2,899.53
2nd payment$0.00$863.69$0.00
Taxes / mo$136.33$136.33$136.33
Insurance / mo$166.67$166.67$166.67
MI / mo$239.95$239.95$84.42
HOA / mo$465.00$465.00$465.00
Total monthly$2,463.69$3,327.37$3,751.95
Cash to close$176,453$46,900$46,900