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$270,692$270,692$787,500
Remaining term (yrs)16.516.530.0
Secondary amount$0$516,808$0
Funding fee$0$0$0
Note rate3.530%3.530%7.400%
Blended rate4.380%6.592%7.640%
1st payment$1,792.36$1,792.36$5,452.49
2nd payment$0.00$3,337.72$0.00
Taxes / mo$729.17$729.17$729.17
Insurance / mo$216.67$216.67$216.67
MI / mo$281.68$281.68$157.50
HOA / mo$0.00$0.00$0.00
Total monthly$3,019.87$6,357.58$6,555.82
Cash to close$604,308$87,500$87,500