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$298,644$298,644$404,910
Remaining term (yrs)25.325.330.0
Secondary amount$0$106,266$0
Funding fee$0$0$0
Note rate3.110%3.110%7.320%
Blended rate3.960%5.020%7.560%
1st payment$1,414.78$1,414.78$2,781.45
2nd payment$0.00$708.44$0.00
Taxes / mo$214.75$214.75$214.75
Insurance / mo$150.00$150.00$150.00
MI / mo$234.38$234.38$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,013.91$2,722.35$3,227.18
Cash to close$151,256$44,990$44,990