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$288,748$288,748$526,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$237,752$0
Funding fee$0$0$0
Note rate3.470%3.470%7.320%
Blended rate4.320%5.869%7.560%
1st payment$1,495.50$1,495.50$3,616.69
2nd payment$0.00$1,535.48$0.00
Taxes / mo$330.25$330.25$330.25
Insurance / mo$166.67$166.67$166.67
MI / mo$236.79$236.79$105.30
HOA / mo$2.92$2.92$2.92
Total monthly$2,232.12$3,767.61$4,221.83
Cash to close$296,252$58,500$58,500