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$209,520$209,520$495,000
Remaining term (yrs)18.418.430.0
Secondary amount$0$285,480$0
Funding fee$0$0$0
Note rate3.590%3.590%7.400%
Blended rate4.440%6.349%7.640%
1st payment$1,292.99$1,292.99$3,427.28
2nd payment$0.00$1,843.73$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$201.70$201.70$99.00
HOA / mo$537.00$537.00$537.00
Total monthly$2,656.69$4,500.41$4,688.28
Cash to close$340,480$55,000$55,000