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$240,164$240,164$684,000
Remaining term (yrs)16.116.130.0
Secondary amount$0$443,836$0
Funding fee$0$0$0
Note rate3.590%3.590%7.320%
Blended rate4.440%6.588%7.560%
1st payment$1,627.38$1,627.38$4,698.61
2nd payment$0.00$2,866.44$0.00
Taxes / mo$596.50$596.50$596.50
Insurance / mo$216.67$216.67$216.67
MI / mo$253.86$253.86$136.80
HOA / mo$250.67$250.67$250.67
Total monthly$2,945.08$5,811.51$5,899.24
Cash to close$519,836$76,000$76,000