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$268,329$268,329$642,852
Remaining term (yrs)19.619.630.0
Secondary amount$0$374,523$0
Funding fee$0$0$0
Note rate3.580%3.580%7.320%
Blended rate4.430%6.364%7.560%
1st payment$1,580.84$1,580.84$4,415.95
2nd payment$0.00$2,418.80$0.00
Taxes / mo$595.23$595.23$595.23
Insurance / mo$216.67$216.67$216.67
MI / mo$246.90$246.90$128.57
HOA / mo$35.00$35.00$35.00
Total monthly$2,674.65$5,093.44$5,391.42
Cash to close$445,951$71,428$71,428