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$381,115$381,115$629,998
Remaining term (yrs)23.723.730.0
Secondary amount$0$248,883$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%5.590%7.640%
1st payment$1,932.35$1,932.35$4,361.98
2nd payment$0.00$1,607.37$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$311.36$311.36$126.00
HOA / mo$503.00$503.00$503.00
Total monthly$3,496.70$5,104.07$5,740.98
Cash to close$318,883$70,000$70,000