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$252,304$252,304$521,100
Remaining term (yrs)19.619.630.0
Secondary amount$0$268,796$0
Funding fee$0$0$0
Note rate3.590%3.590%7.400%
Blended rate4.440%6.147%7.640%
1st payment$1,487.74$1,487.74$3,607.99
2nd payment$0.00$1,735.97$0.00
Taxes / mo$442.50$442.50$442.50
Insurance / mo$166.67$166.67$166.67
MI / mo$232.07$232.07$104.22
HOA / mo$28.17$28.17$28.17
Total monthly$2,357.15$4,093.12$4,349.55
Cash to close$326,696$57,900$57,900