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$342,813$342,813$607,500
Remaining term (yrs)20.820.830.0
Secondary amount$0$264,687$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.057%7.640%
1st payment$1,999.87$1,999.87$4,206.21
2nd payment$0.00$1,709.43$0.00
Taxes / mo$562.50$562.50$562.50
Insurance / mo$166.67$166.67$166.67
MI / mo$300.33$300.33$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,029.37$4,738.81$5,056.87
Cash to close$332,187$67,500$67,500