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$342,898$342,898$583,200
Remaining term (yrs)23.923.930.0
Secondary amount$0$240,302$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%5.639%7.640%
1st payment$1,727.06$1,727.06$4,037.96
2nd payment$0.00$1,551.95$0.00
Taxes / mo$162.42$162.42$162.42
Insurance / mo$166.67$166.67$166.67
MI / mo$278.98$278.98$116.64
HOA / mo$0.00$0.00$0.00
Total monthly$2,335.12$3,887.06$4,483.68
Cash to close$305,102$64,800$64,800