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$324,169$324,169$598,050
Remaining term (yrs)22.922.930.0
Secondary amount$0$273,881$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.043%7.640%
1st payment$1,750.70$1,750.70$4,140.78
2nd payment$0.00$1,768.81$0.00
Taxes / mo$553.75$553.75$553.75
Insurance / mo$166.67$166.67$166.67
MI / mo$267.77$267.77$119.61
HOA / mo$0.00$0.00$0.00
Total monthly$2,738.88$4,507.70$4,980.80
Cash to close$340,331$66,450$66,450