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$275,444$275,444$540,000
Remaining term (yrs)23.823.830.0
Secondary amount$0$264,556$0
Funding fee$0$0$0
Note rate3.160%3.160%7.400%
Blended rate4.010%5.842%7.640%
1st payment$1,368.86$1,368.86$3,738.85
2nd payment$0.00$1,708.59$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$225.34$225.34$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,260.87$3,969.46$4,513.52
Cash to close$324,556$60,000$60,000