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$322,659$322,659$404,100
Remaining term (yrs)23.323.330.0
Secondary amount$0$81,441$0
Funding fee$0$0$0
Note rate3.700%3.700%7.400%
Blended rate4.550%5.447%7.640%
1st payment$1,718.30$1,718.30$2,797.91
2nd payment$0.00$610.81$0.00
Taxes / mo$568.00$568.00$568.00
Insurance / mo$150.00$150.00$150.00
MI / mo$264.43$264.43$80.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,700.73$3,311.53$3,596.73
Cash to close$126,341$44,900$44,900