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$338,541$338,541$432,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$93,459$0
Funding fee$0$0$0
Note rate3.220%3.220%7.240%
Blended rate4.070%5.137%7.480%
1st payment$1,623.43$1,623.43$2,944.07
2nd payment$0.00$700.94$0.00
Taxes / mo$254.00$254.00$254.00
Insurance / mo$166.67$166.67$166.67
MI / mo$265.23$265.23$86.40
HOA / mo$72.00$72.00$72.00
Total monthly$2,381.32$3,082.26$3,523.14
Cash to close$141,459$48,000$48,000