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$291,913$291,913$584,910
Remaining term (yrs)23.623.630.0
Secondary amount$0$292,997$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%5.968%7.640%
1st payment$1,483.47$1,483.47$4,049.80
2nd payment$0.00$1,892.27$0.00
Taxes / mo$490.17$490.17$490.17
Insurance / mo$166.67$166.67$166.67
MI / mo$239.03$239.03$116.98
HOA / mo$100.00$100.00$100.00
Total monthly$2,479.34$4,371.61$4,923.61
Cash to close$357,987$64,990$64,990