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$339,619$339,619$629,100
Remaining term (yrs)23.423.430.0
Secondary amount$0$289,481$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%5.979%7.640%
1st payment$1,790.06$1,790.06$4,355.76
2nd payment$0.00$1,869.57$0.00
Taxes / mo$307.25$307.25$307.25
Insurance / mo$166.67$166.67$166.67
MI / mo$278.20$278.20$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,542.18$4,411.74$4,955.50
Cash to close$359,381$69,900$69,900