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$363,471$363,471$598,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$235,029$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%5.582%7.640%
1st payment$1,834.50$1,834.50$4,143.89
2nd payment$0.00$1,517.90$0.00
Taxes / mo$554.17$554.17$554.17
Insurance / mo$166.67$166.67$166.67
MI / mo$295.59$295.59$119.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,850.92$4,368.82$4,984.43
Cash to close$301,529$66,500$66,500