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$334,357$334,357$503,100
Remaining term (yrs)23.323.330.0
Secondary amount$0$168,743$0
Funding fee$0$0$0
Note rate3.470%3.470%7.320%
Blended rate4.320%5.554%7.560%
1st payment$1,739.69$1,739.69$3,455.95
2nd payment$0.00$1,124.95$0.00
Taxes / mo$465.83$465.83$465.83
Insurance / mo$166.67$166.67$166.67
MI / mo$275.45$275.45$100.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,647.64$3,772.60$4,189.07
Cash to close$224,643$55,900$55,900