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$305,508$305,508$477,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$171,492$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%5.758%7.640%
1st payment$1,615.16$1,615.16$3,302.65
2nd payment$0.00$1,143.28$0.00
Taxes / mo$317.83$317.83$317.83
Insurance / mo$166.67$166.67$166.67
MI / mo$250.09$250.09$95.40
HOA / mo$45.00$45.00$45.00
Total monthly$2,394.75$3,538.03$3,927.55
Cash to close$224,492$53,000$53,000