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$340,441$340,441$630,000
Remaining term (yrs)21.221.230.0
Secondary amount$0$289,559$0
Funding fee$0$0$0
Note rate3.950%3.950%7.320%
Blended rate4.800%6.156%7.560%
1st payment$1,969.99$1,969.99$4,327.66
2nd payment$0.00$1,870.07$0.00
Taxes / mo$583.33$583.33$583.33
Insurance / mo$166.67$166.67$166.67
MI / mo$294.06$294.06$126.00
HOA / mo$0.00$0.00$0.00
Total monthly$3,014.05$4,884.12$5,203.66
Cash to close$359,559$70,000$70,000