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$19,563$19,563$337,500
Remaining term (yrs)1.51.530.0
Secondary amount$0$317,937$0
Funding fee$0$0$0
Note rate3.000%3.000%7.320%
Blended rate3.850%7.524%7.560%
1st payment$1,004.04$1,004.04$2,318.39
2nd payment$0.00$2,053.34$0.00
Taxes / mo$307.17$307.17$307.17
Insurance / mo$150.00$150.00$150.00
MI / mo$102.98$102.98$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,564.19$3,617.53$2,843.06
Cash to close$355,437$37,500$37,500