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$292,270$292,270$621,405
Remaining term (yrs)23.823.830.0
Secondary amount$0$329,135$0
Funding fee$0$0$0
Note rate3.160%3.160%7.320%
Blended rate4.010%5.991%7.560%
1st payment$1,452.48$1,452.48$4,268.62
2nd payment$0.00$2,125.66$0.00
Taxes / mo$352.00$352.00$352.00
Insurance / mo$166.67$166.67$166.67
MI / mo$239.11$239.11$124.28
HOA / mo$0.00$0.00$0.00
Total monthly$2,210.26$4,335.92$4,911.57
Cash to close$398,180$69,045$69,045