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$322,718$322,718$508,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$185,782$0
Funding fee$0$0$0
Note rate3.730%3.730%7.320%
Blended rate4.580%5.830%7.560%
1st payment$1,723.80$1,723.80$3,493.04
2nd payment$0.00$1,238.55$0.00
Taxes / mo$347.17$347.17$347.17
Insurance / mo$166.67$166.67$166.67
MI / mo$264.30$264.30$101.70
HOA / mo$58.33$58.33$58.33
Total monthly$2,560.26$3,798.81$4,166.91
Cash to close$242,282$56,500$56,500