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$292,545$292,545$562,500
Remaining term (yrs)18.518.530.0
Secondary amount$0$269,955$0
Funding fee$0$0$0
Note rate3.770%3.770%7.400%
Blended rate4.620%6.122%7.640%
1st payment$1,820.97$1,820.97$3,894.64
2nd payment$0.00$1,743.46$0.00
Taxes / mo$520.83$520.83$520.83
Insurance / mo$166.67$166.67$166.67
MI / mo$277.84$277.84$112.50
HOA / mo$123.00$123.00$123.00
Total monthly$2,909.30$4,652.77$4,817.64
Cash to close$332,455$62,500$62,500