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$313,107$313,107$522,000
Remaining term (yrs)25.525.530.0
Secondary amount$0$208,893$0
Funding fee$0$0$0
Note rate3.120%3.120%7.400%
Blended rate3.970%5.483%7.640%
1st payment$1,478.63$1,478.63$3,614.22
2nd payment$0.00$1,349.10$0.00
Taxes / mo$483.33$483.33$483.33
Insurance / mo$166.67$166.67$166.67
MI / mo$244.65$244.65$104.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,373.28$3,722.38$4,368.62
Cash to close$266,893$58,000$58,000