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$308,036$308,036$495,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$186,964$0
Funding fee$0$0$0
Note rate3.720%3.720%7.400%
Blended rate4.570%5.866%7.640%
1st payment$1,640.07$1,640.07$3,427.28
2nd payment$0.00$1,246.42$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$251.77$251.77$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,516.84$3,763.26$4,151.28
Cash to close$241,964$55,000$55,000