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$288,265$288,265$585,000
Remaining term (yrs)19.719.730.0
Secondary amount$0$296,735$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%6.124%7.640%
1st payment$1,696.36$1,696.36$4,050.42
2nd payment$0.00$1,916.41$0.00
Taxes / mo$190.08$190.08$190.08
Insurance / mo$166.67$166.67$166.67
MI / mo$264.29$264.29$117.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,317.40$4,233.81$4,524.17
Cash to close$361,735$65,000$65,000