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$297,432$297,432$526,410
Remaining term (yrs)23.923.930.0
Secondary amount$0$228,978$0
Funding fee$0$0$0
Note rate3.030%3.030%7.400%
Blended rate3.880%5.563%7.640%
1st payment$1,454.62$1,454.62$3,644.76
2nd payment$0.00$1,478.82$0.00
Taxes / mo$487.42$487.42$487.42
Insurance / mo$166.67$166.67$166.67
MI / mo$243.45$243.45$105.28
HOA / mo$285.00$285.00$285.00
Total monthly$2,637.16$4,115.97$4,689.12
Cash to close$287,468$58,490$58,490