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$331,412$331,412$765,000
Remaining term (yrs)19.919.930.0
Secondary amount$0$433,588$0
Funding fee$0$0$0
Note rate3.710%3.710%7.400%
Blended rate4.560%6.368%7.640%
1st payment$1,952.53$1,952.53$5,296.71
2nd payment$0.00$2,800.26$0.00
Taxes / mo$566.33$566.33$566.33
Insurance / mo$216.67$216.67$216.67
MI / mo$300.11$300.11$153.00
HOA / mo$115.67$115.67$115.67
Total monthly$3,151.31$5,951.56$6,348.38
Cash to close$518,588$85,000$85,000