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$283,017$283,017$460,067
Remaining term (yrs)25.325.330.0
Secondary amount$0$177,049$0
Funding fee$0$0$0
Note rate3.120%3.120%7.320%
Blended rate3.970%5.521%7.560%
1st payment$1,345.12$1,345.12$3,160.34
2nd payment$0.00$1,180.33$0.00
Taxes / mo$425.99$425.99$425.99
Insurance / mo$166.67$166.67$166.67
MI / mo$222.56$222.56$92.01
HOA / mo$0.00$0.00$0.00
Total monthly$2,160.33$3,340.66$3,845.01
Cash to close$228,168$51,119$51,119