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$341,217$341,217$607,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$266,283$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%5.604%7.640%
1st payment$1,646.99$1,646.99$4,206.21
2nd payment$0.00$1,719.75$0.00
Taxes / mo$562.50$562.50$562.50
Insurance / mo$166.67$166.67$166.67
MI / mo$273.90$273.90$121.50
HOA / mo$277.00$277.00$277.00
Total monthly$2,927.05$4,646.80$5,333.87
Cash to close$333,783$67,500$67,500