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$313,335$313,335$494,999
Remaining term (yrs)25.325.330.0
Secondary amount$0$181,664$0
Funding fee$0$0$0
Note rate3.550%3.550%7.320%
Blended rate4.400%5.721%7.560%
1st payment$1,557.85$1,557.85$3,400.30
2nd payment$0.00$1,211.09$0.00
Taxes / mo$38.42$38.42$38.42
Insurance / mo$166.67$166.67$166.67
MI / mo$244.22$244.22$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,007.15$3,218.25$3,704.38
Cash to close$236,664$55,000$55,000