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$247,920$247,920$585,000
Remaining term (yrs)19.619.630.0
Secondary amount$0$337,080$0
Funding fee$0$0$0
Note rate3.580%3.580%7.400%
Blended rate4.430%6.343%7.640%
1st payment$1,460.61$1,460.61$4,050.42
2nd payment$0.00$2,176.97$0.00
Taxes / mo$293.83$293.83$293.83
Insurance / mo$166.67$166.67$166.67
MI / mo$228.13$228.13$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,149.23$4,326.21$4,627.92
Cash to close$402,080$65,000$65,000