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$302,787$302,787$458,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$156,123$0
Funding fee$0$0$0
Note rate3.010%3.010%7.400%
Blended rate3.860%5.268%7.640%
1st payment$1,477.68$1,477.68$3,177.40
2nd payment$0.00$1,040.82$0.00
Taxes / mo$120.00$120.00$120.00
Insurance / mo$166.67$166.67$166.67
MI / mo$247.95$247.95$91.78
HOA / mo$24.92$24.92$24.92
Total monthly$2,037.21$3,078.03$3,580.77
Cash to close$207,113$50,990$50,990