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$309,779$309,779$477,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$167,221$0
Funding fee$0$0$0
Note rate3.120%3.120%7.320%
Blended rate3.970%5.383%7.560%
1st payment$1,472.31$1,472.31$3,276.66
2nd payment$0.00$1,114.80$0.00
Taxes / mo$215.58$215.58$215.58
Insurance / mo$166.67$166.67$166.67
MI / mo$243.61$243.61$95.40
HOA / mo$75.00$75.00$75.00
Total monthly$2,173.17$3,287.97$3,829.31
Cash to close$220,221$53,000$53,000