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$289,187$289,187$337,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$48,313$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%5.118%7.640%
1st payment$1,520.83$1,520.83$2,336.78
2nd payment$0.00$362.35$0.00
Taxes / mo$231.50$231.50$231.50
Insurance / mo$150.00$150.00$150.00
MI / mo$236.36$236.36$67.50
HOA / mo$558.00$558.00$558.00
Total monthly$2,696.69$3,059.03$3,343.78
Cash to close$85,813$37,500$37,500