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$333,396$333,396$472,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$139,104$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%5.290%7.640%
1st payment$1,679.20$1,679.20$3,271.49
2nd payment$0.00$927.36$0.00
Taxes / mo$270.00$270.00$270.00
Insurance / mo$166.67$166.67$166.67
MI / mo$271.25$271.25$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,387.11$3,314.47$3,802.66
Cash to close$191,604$52,500$52,500