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$316,920$316,920$494,100
Remaining term (yrs)25.125.130.0
Secondary amount$0$177,180$0
Funding fee$0$0$0
Note rate3.090%3.090%7.400%
Blended rate3.940%5.396%7.640%
1st payment$1,507.78$1,507.78$3,421.05
2nd payment$0.00$1,181.20$0.00
Taxes / mo$550.25$550.25$550.25
Insurance / mo$166.67$166.67$166.67
MI / mo$250.43$250.43$98.82
HOA / mo$96.00$96.00$96.00
Total monthly$2,571.13$3,752.33$4,332.79
Cash to close$232,080$54,900$54,900