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$286,075$286,075$476,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$190,835$0
Funding fee$0$0$0
Note rate3.510%3.510%7.400%
Blended rate4.360%5.817%7.640%
1st payment$1,487.72$1,487.72$3,302.03
2nd payment$0.00$1,272.23$0.00
Taxes / mo$441.58$441.58$441.58
Insurance / mo$166.67$166.67$166.67
MI / mo$234.38$234.38$95.38
HOA / mo$116.00$116.00$116.00
Total monthly$2,446.35$3,718.59$4,121.66
Cash to close$243,825$52,990$52,990