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$323,511$323,511$607,500
Remaining term (yrs)23.923.930.0
Secondary amount$0$283,989$0
Funding fee$0$0$0
Note rate3.010%3.010%7.320%
Blended rate3.860%5.678%7.560%
1st payment$1,575.09$1,575.09$4,173.10
2nd payment$0.00$1,834.10$0.00
Taxes / mo$562.50$562.50$562.50
Insurance / mo$166.67$166.67$166.67
MI / mo$264.29$264.29$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,568.55$4,402.65$5,023.77
Cash to close$351,489$67,500$67,500