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$344,230$344,230$539,999
Remaining term (yrs)23.823.830.0
Secondary amount$0$195,769$0
Funding fee$0$0$0
Note rate3.150%3.150%7.320%
Blended rate4.000%5.450%7.560%
1st payment$1,708.91$1,708.91$3,709.42
2nd payment$0.00$1,305.13$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$281.68$281.68$108.00
HOA / mo$460.00$460.00$460.00
Total monthly$3,117.25$4,422.38$4,944.08
Cash to close$255,769$60,000$60,000