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$386,803$386,803$630,000
Remaining term (yrs)24.624.630.0
Secondary amount$0$243,197$0
Funding fee$0$0$0
Note rate3.130%3.130%7.320%
Blended rate3.980%5.435%7.560%
1st payment$1,872.93$1,872.93$4,327.66
2nd payment$0.00$1,570.65$0.00
Taxes / mo$137.50$137.50$137.50
Insurance / mo$166.67$166.67$166.67
MI / mo$309.50$309.50$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,486.59$4,057.24$4,757.83
Cash to close$313,197$70,000$70,000