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$297,062$297,062$441,000
Remaining term (yrs)22.922.930.0
Secondary amount$0$143,938$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%5.609%7.640%
1st payment$1,580.55$1,580.55$3,053.39
2nd payment$0.00$959.59$0.00
Taxes / mo$299.42$299.42$299.42
Insurance / mo$166.67$166.67$166.67
MI / mo$246.25$246.25$88.20
HOA / mo$36.67$36.67$36.67
Total monthly$2,329.55$3,289.14$3,644.35
Cash to close$192,938$49,000$49,000