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$228,812$228,812$540,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$311,188$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%6.356%7.640%
1st payment$1,215.83$1,215.83$3,738.85
2nd payment$0.00$2,009.76$0.00
Taxes / mo$174.17$174.17$174.17
Insurance / mo$166.67$166.67$166.67
MI / mo$189.19$189.19$108.00
HOA / mo$26.08$26.08$26.08
Total monthly$1,771.93$3,781.69$4,213.76
Cash to close$371,188$60,000$60,000