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$331,386$331,386$405,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$73,614$0
Funding fee$0$0$0
Note rate3.030%3.030%7.400%
Blended rate3.880%4.811%7.640%
1st payment$1,620.68$1,620.68$2,804.14
2nd payment$0.00$552.11$0.00
Taxes / mo$286.83$286.83$286.83
Insurance / mo$150.00$150.00$150.00
MI / mo$271.25$271.25$81.00
HOA / mo$54.00$54.00$54.00
Total monthly$2,382.76$2,934.86$3,375.97
Cash to close$118,614$45,000$45,000