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$335,052$335,052$517,500
Remaining term (yrs)22.722.730.0
Secondary amount$0$182,448$0
Funding fee$0$0$0
Note rate3.820%3.820%7.400%
Blended rate4.670%5.844%7.640%
1st payment$1,834.49$1,834.49$3,583.07
2nd payment$0.00$1,216.32$0.00
Taxes / mo$365.33$365.33$365.33
Insurance / mo$166.67$166.67$166.67
MI / mo$278.19$278.19$103.50
HOA / mo$65.00$65.00$65.00
Total monthly$2,709.69$3,926.01$4,283.57
Cash to close$239,948$57,500$57,500