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$273,620$273,620$539,100
Remaining term (yrs)23.823.830.0
Secondary amount$0$265,480$0
Funding fee$0$0$0
Note rate3.210%3.210%7.320%
Blended rate4.060%5.877%7.560%
1st payment$1,366.93$1,366.93$3,703.24
2nd payment$0.00$1,714.56$0.00
Taxes / mo$275.25$275.25$275.25
Insurance / mo$166.67$166.67$166.67
MI / mo$223.61$223.61$107.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,032.46$3,747.01$4,252.98
Cash to close$325,380$59,900$59,900