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$296,896$296,896$549,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$252,104$0
Funding fee$0$0$0
Note rate3.580%3.580%7.400%
Blended rate4.430%5.955%7.640%
1st payment$1,576.52$1,576.52$3,801.17
2nd payment$0.00$1,628.17$0.00
Taxes / mo$508.33$508.33$508.33
Insurance / mo$166.67$166.67$166.67
MI / mo$246.23$246.23$109.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,497.75$4,125.92$4,585.97
Cash to close$313,104$61,000$61,000