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$293,523$293,523$602,100
Remaining term (yrs)19.819.830.0
Secondary amount$0$308,577$0
Funding fee$0$0$0
Note rate3.660%3.660%7.400%
Blended rate4.510%6.171%7.640%
1st payment$1,731.45$1,731.45$4,168.82
2nd payment$0.00$1,992.90$0.00
Taxes / mo$557.50$557.50$557.50
Insurance / mo$166.67$166.67$166.67
MI / mo$267.77$267.77$120.42
HOA / mo$132.00$132.00$132.00
Total monthly$2,855.38$4,848.28$5,145.41
Cash to close$375,477$66,900$66,900