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$323,681$323,681$675,000
Remaining term (yrs)21.421.430.0
Secondary amount$0$351,319$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%6.335%7.640%
1st payment$1,863.76$1,863.76$4,673.56
2nd payment$0.00$2,268.93$0.00
Taxes / mo$625.00$625.00$625.00
Insurance / mo$216.67$216.67$216.67
MI / mo$278.20$278.20$135.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,983.63$5,252.56$5,650.23
Cash to close$426,319$75,000$75,000