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$290,742$290,742$575,910
Remaining term (yrs)24.524.530.0
Secondary amount$0$285,168$0
Funding fee$0$0$0
Note rate3.050%3.050%7.320%
Blended rate3.900%5.806%7.560%
1st payment$1,398.81$1,398.81$3,956.10
2nd payment$0.00$1,841.71$0.00
Taxes / mo$337.00$337.00$337.00
Insurance / mo$166.67$166.67$166.67
MI / mo$233.52$233.52$115.18
HOA / mo$27.00$27.00$27.00
Total monthly$2,162.99$4,004.70$4,601.95
Cash to close$349,158$63,990$63,990