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$319,268$319,268$467,100
Remaining term (yrs)23.423.430.0
Secondary amount$0$147,832$0
Funding fee$0$0$0
Note rate3.620%3.620%7.320%
Blended rate4.470%5.587%7.560%
1st payment$1,682.79$1,682.79$3,208.65
2nd payment$0.00$985.55$0.00
Taxes / mo$357.25$357.25$357.25
Insurance / mo$166.67$166.67$166.67
MI / mo$261.53$261.53$93.42
HOA / mo$0.00$0.00$0.00
Total monthly$2,468.24$3,453.79$3,825.99
Cash to close$199,732$51,900$51,900