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$311,604$311,604$621,000
Remaining term (yrs)25.225.230.0
Secondary amount$0$309,396$0
Funding fee$0$0$0
Note rate3.100%3.100%7.400%
Blended rate3.950%5.843%7.640%
1st payment$1,480.91$1,480.91$4,299.68
2nd payment$0.00$1,998.18$0.00
Taxes / mo$575.00$575.00$575.00
Insurance / mo$166.67$166.67$166.67
MI / mo$245.65$245.65$124.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,468.22$4,466.41$5,165.55
Cash to close$378,396$69,000$69,000