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$326,201$326,201$562,500
Remaining term (yrs)19.719.730.0
Secondary amount$0$236,299$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%5.888%7.640%
1st payment$1,934.78$1,934.78$3,894.64
2nd payment$0.00$1,526.10$0.00
Taxes / mo$424.33$424.33$424.33
Insurance / mo$166.67$166.67$166.67
MI / mo$298.11$298.11$112.50
HOA / mo$100.00$100.00$100.00
Total monthly$2,923.89$4,449.98$4,698.14
Cash to close$298,799$62,500$62,500