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$310,724$310,724$337,410
Remaining term (yrs)25.425.430.0
Secondary amount$0$26,686$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%4.893%7.640%
1st payment$1,568.46$1,568.46$2,336.16
2nd payment$0.00$200.15$0.00
Taxes / mo$175.33$175.33$175.33
Insurance / mo$150.00$150.00$150.00
MI / mo$241.67$241.67$67.48
HOA / mo$700.00$700.00$700.00
Total monthly$2,835.47$3,035.61$3,428.97
Cash to close$64,176$37,490$37,490