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$338,317$338,317$548,100
Remaining term (yrs)23.223.230.0
Secondary amount$0$209,783$0
Funding fee$0$0$0
Note rate3.650%3.650%7.320%
Blended rate4.500%5.744%7.560%
1st payment$1,796.70$1,796.70$3,765.07
2nd payment$0.00$1,354.85$0.00
Taxes / mo$507.50$507.50$507.50
Insurance / mo$166.67$166.67$166.67
MI / mo$278.20$278.20$109.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,749.06$4,103.91$4,548.85
Cash to close$270,683$60,900$60,900