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$322,655$322,655$449,820
Remaining term (yrs)23.723.730.0
Secondary amount$0$127,165$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%5.260%7.640%
1st payment$1,635.94$1,635.94$3,114.46
2nd payment$0.00$847.77$0.00
Taxes / mo$416.50$416.50$416.50
Insurance / mo$166.67$166.67$166.67
MI / mo$263.60$263.60$89.96
HOA / mo$387.00$387.00$387.00
Total monthly$2,869.70$3,717.47$4,174.59
Cash to close$177,145$49,980$49,980