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$290,959$290,959$495,000
Remaining term (yrs)21.121.130.0
Secondary amount$0$204,041$0
Funding fee$0$0$0
Note rate3.880%3.880%7.320%
Blended rate4.730%5.975%7.560%
1st payment$1,677.06$1,677.06$3,400.31
2nd payment$0.00$1,317.76$0.00
Taxes / mo$304.08$304.08$304.08
Insurance / mo$166.67$166.67$166.67
MI / mo$252.47$252.47$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,400.28$3,718.04$3,970.06
Cash to close$259,041$55,000$55,000