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$291,518$291,518$445,500
Remaining term (yrs)23.623.630.0
Secondary amount$0$153,982$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%5.500%7.640%
1st payment$1,481.47$1,481.47$3,084.55
2nd payment$0.00$1,026.55$0.00
Taxes / mo$412.50$412.50$412.50
Insurance / mo$166.67$166.67$166.67
MI / mo$238.71$238.71$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,299.34$3,325.89$3,752.82
Cash to close$203,482$49,500$49,500