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$305,009$305,009$337,500
Remaining term (yrs)25.425.430.0
Secondary amount$0$32,491$0
Funding fee$0$0$0
Note rate3.220%3.220%7.400%
Blended rate4.070%4.545%7.640%
1st payment$1,462.63$1,462.63$2,336.78
2nd payment$0.00$243.68$0.00
Taxes / mo$304.50$304.50$304.50
Insurance / mo$150.00$150.00$150.00
MI / mo$238.96$238.96$67.50
HOA / mo$183.33$183.33$183.33
Total monthly$2,339.42$2,583.10$3,042.11
Cash to close$69,991$37,500$37,500