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$282,976$282,976$585,000
Remaining term (yrs)20.120.130.0
Secondary amount$0$302,024$0
Funding fee$0$0$0
Note rate3.470%3.470%7.400%
Blended rate4.320%6.091%7.640%
1st payment$1,622.79$1,622.79$4,050.42
2nd payment$0.00$1,950.57$0.00
Taxes / mo$541.67$541.67$541.67
Insurance / mo$166.67$166.67$166.67
MI / mo$256.94$256.94$117.00
HOA / mo$24.00$24.00$24.00
Total monthly$2,612.06$4,562.63$4,899.76
Cash to close$367,024$65,000$65,000