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$275,375$275,375$516,600
Remaining term (yrs)23.023.030.0
Secondary amount$0$241,225$0
Funding fee$0$0$0
Note rate3.650%3.650%7.240%
Blended rate4.500%6.018%7.480%
1st payment$1,469.11$1,469.11$3,520.62
2nd payment$0.00$1,557.91$0.00
Taxes / mo$596.66$596.66$596.66
Insurance / mo$166.67$166.67$166.67
MI / mo$227.48$227.48$103.32
HOA / mo$162.00$162.00$162.00
Total monthly$2,621.91$4,179.82$4,549.26
Cash to close$298,625$57,400$57,400