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$323,457$323,457$360,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$36,543$0
Funding fee$0$0$0
Note rate3.110%3.110%7.320%
Blended rate3.960%4.472%7.560%
1st payment$1,532.32$1,532.32$2,472.95
2nd payment$0.00$274.07$0.00
Taxes / mo$259.25$259.25$259.25
Insurance / mo$150.00$150.00$150.00
MI / mo$253.86$253.86$72.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,195.43$2,469.50$2,954.20
Cash to close$76,543$40,000$40,000