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$308,632$308,632$571,500
Remaining term (yrs)23.023.030.0
Secondary amount$0$262,868$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%5.968%7.560%
1st payment$1,638.32$1,638.32$3,925.81
2nd payment$0.00$1,697.69$0.00
Taxes / mo$529.17$529.17$529.17
Insurance / mo$166.67$166.67$166.67
MI / mo$255.25$255.25$114.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,589.41$4,287.09$4,735.94
Cash to close$326,368$63,500$63,500