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$311,016$311,016$634,500
Remaining term (yrs)20.920.930.0
Secondary amount$0$323,484$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%6.270%7.640%
1st payment$1,801.80$1,801.80$4,393.15
2nd payment$0.00$2,089.17$0.00
Taxes / mo$587.50$587.50$587.50
Insurance / mo$216.67$216.67$216.67
MI / mo$271.25$271.25$126.90
HOA / mo$0.00$0.00$0.00
Total monthly$2,877.22$4,966.38$5,324.22
Cash to close$393,984$70,500$70,500