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$323,097$323,097$567,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$243,903$0
Funding fee$0$0$0
Note rate3.160%3.160%7.400%
Blended rate4.010%5.619%7.640%
1st payment$1,601.95$1,601.95$3,925.79
2nd payment$0.00$1,575.20$0.00
Taxes / mo$525.00$525.00$525.00
Insurance / mo$166.67$166.67$166.67
MI / mo$263.71$263.71$113.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,557.33$4,132.53$4,730.86
Cash to close$306,903$63,000$63,000