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$298,316$298,316$391,410
Remaining term (yrs)24.524.530.0
Secondary amount$0$93,094$0
Funding fee$0$0$0
Note rate3.050%3.050%7.320%
Blended rate3.900%5.113%7.560%
1st payment$1,435.25$1,435.25$2,688.72
2nd payment$0.00$698.20$0.00
Taxes / mo$154.75$154.75$154.75
Insurance / mo$150.00$150.00$150.00
MI / mo$239.60$239.60$78.28
HOA / mo$0.00$0.00$0.00
Total monthly$1,979.60$2,677.80$3,071.75
Cash to close$136,584$43,490$43,490