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$331,186$331,186$643,500
Remaining term (yrs)23.323.330.0
Secondary amount$0$312,314$0
Funding fee$0$0$0
Note rate3.740%3.740%7.400%
Blended rate4.590%6.124%7.640%
1st payment$1,770.81$1,770.81$4,455.46
2nd payment$0.00$2,017.03$0.00
Taxes / mo$128.75$128.75$128.75
Insurance / mo$216.67$216.67$216.67
MI / mo$271.18$271.18$128.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,387.40$4,404.43$4,929.58
Cash to close$383,814$71,500$71,500