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$298,601$298,601$314,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$33,804$0
Funding fee$0$0$0
Note rate3.220%3.220%7.400%
Blended rate4.070%4.864%7.640%
1st payment$1,434.93$1,434.93$2,180.37
2nd payment$0.00$334.51$0.00
Taxes / mo$169.33$169.33$169.33
Insurance / mo$150.00$150.00$150.00
MI / mo$234.43$234.43$62.98
HOA / mo$180.00$180.00$180.00
Total monthly$2,168.70$2,503.21$2,742.69
Cash to close$51,299$17,495$34,990