Dan Frey Home Loans
Call Dan

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$298,321$298,321$359,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$60,779$0
Funding fee$0$0$0
Note rate3.100%3.100%7.320%
Blended rate3.950%4.805%7.560%
1st payment$1,417.78$1,417.78$2,466.77
2nd payment$0.00$455.84$0.00
Taxes / mo$319.50$319.50$319.50
Insurance / mo$150.00$150.00$150.00
MI / mo$235.18$235.18$71.82
HOA / mo$180.00$180.00$180.00
Total monthly$2,302.46$2,758.30$3,188.09
Cash to close$100,679$39,900$39,900