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$285,306$285,306$472,455
Remaining term (yrs)23.123.130.0
Secondary amount$0$187,149$0
Funding fee$0$0$0
Note rate3.690%3.690%7.320%
Blended rate4.540%5.911%7.560%
1st payment$1,524.70$1,524.70$3,245.44
2nd payment$0.00$1,247.66$0.00
Taxes / mo$437.46$437.46$437.46
Insurance / mo$166.67$166.67$166.67
MI / mo$234.93$234.93$94.49
HOA / mo$0.00$0.00$0.00
Total monthly$2,363.76$3,611.42$3,944.05
Cash to close$239,644$52,495$52,495