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$269,320$269,320$584,100
Remaining term (yrs)15.915.930.0
Secondary amount$0$314,780$0
Funding fee$0$0$0
Note rate3.590%3.590%7.400%
Blended rate4.440%6.224%7.640%
1st payment$1,838.88$1,838.88$4,044.19
2nd payment$0.00$2,032.96$0.00
Taxes / mo$540.83$540.83$540.83
Insurance / mo$166.67$166.67$166.67
MI / mo$286.85$286.85$116.82
HOA / mo$487.00$487.00$487.00
Total monthly$3,320.23$5,353.19$5,355.51
Cash to close$379,680$64,900$64,900