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$290,841$290,841$468,000
Remaining term (yrs)22.822.830.0
Secondary amount$0$177,159$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%5.887%7.640%
1st payment$1,577.90$1,577.90$3,240.34
2nd payment$0.00$1,181.06$0.00
Taxes / mo$315.33$315.33$315.33
Insurance / mo$166.67$166.67$166.67
MI / mo$241.34$241.34$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$2,301.24$3,482.30$3,815.94
Cash to close$229,159$52,000$52,000