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$305,928$305,928$539,999
Remaining term (yrs)23.423.430.0
Secondary amount$0$234,071$0
Funding fee$0$0$0
Note rate3.660%3.660%7.400%
Blended rate4.510%5.914%7.640%
1st payment$1,619.02$1,619.02$3,738.84
2nd payment$0.00$1,511.71$0.00
Taxes / mo$500.00$500.00$500.00
Insurance / mo$166.67$166.67$166.67
MI / mo$250.38$250.38$108.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,536.06$4,047.77$4,513.51
Cash to close$294,071$60,000$60,000