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$303,839$303,839$440,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$137,071$0
Funding fee$0$0$0
Note rate3.180%3.180%7.400%
Blended rate4.030%5.264%7.640%
1st payment$1,482.46$1,482.46$3,052.77
2nd payment$0.00$913.81$0.00
Taxes / mo$151.42$151.42$151.42
Insurance / mo$166.67$166.67$166.67
MI / mo$243.43$243.43$88.18
HOA / mo$30.00$30.00$30.00
Total monthly$2,073.97$2,987.78$3,489.04
Cash to close$186,061$48,990$48,990