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$334,061$334,061$621,000
Remaining term (yrs)20.620.630.0
Secondary amount$0$286,939$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%6.055%7.560%
1st payment$1,932.59$1,932.59$4,265.84
2nd payment$0.00$1,853.15$0.00
Taxes / mo$401.83$401.83$401.83
Insurance / mo$166.67$166.67$166.67
MI / mo$295.59$295.59$124.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,796.68$4,649.83$4,958.54
Cash to close$355,939$69,000$69,000