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$287,600$287,600$427,500
Remaining term (yrs)23.523.530.0
Secondary amount$0$139,900$0
Funding fee$0$0$0
Note rate3.650%3.650%7.320%
Blended rate4.500%5.645%7.560%
1st payment$1,513.72$1,513.72$2,936.63
2nd payment$0.00$932.67$0.00
Taxes / mo$131.33$131.33$131.33
Insurance / mo$166.67$166.67$166.67
MI / mo$234.38$234.38$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,046.10$2,978.77$3,320.13
Cash to close$187,400$47,500$47,500