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$318,494$318,494$692,100
Remaining term (yrs)19.719.730.0
Secondary amount$0$373,606$0
Funding fee$0$0$0
Note rate3.590%3.590%7.400%
Blended rate4.440%6.227%7.640%
1st payment$1,872.60$1,872.60$4,791.96
2nd payment$0.00$2,412.87$0.00
Taxes / mo$640.83$640.83$640.83
Insurance / mo$216.67$216.67$216.67
MI / mo$292.11$292.11$138.42
HOA / mo$0.00$0.00$0.00
Total monthly$3,022.22$5,435.09$5,787.88
Cash to close$450,506$76,900$76,900