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$366,482$366,482$718,200
Remaining term (yrs)25.325.330.0
Secondary amount$0$351,718$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%5.811%7.640%
1st payment$1,737.96$1,737.96$4,972.67
2nd payment$0.00$2,271.51$0.00
Taxes / mo$665.00$665.00$665.00
Insurance / mo$216.67$216.67$216.67
MI / mo$288.29$288.29$143.64
HOA / mo$200.00$200.00$200.00
Total monthly$3,107.92$5,379.43$6,197.98
Cash to close$431,518$79,800$79,800