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$223,844$223,844$472,500
Remaining term (yrs)19.719.730.0
Secondary amount$0$248,656$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%6.187%7.640%
1st payment$1,317.26$1,317.26$3,271.49
2nd payment$0.00$1,605.91$0.00
Taxes / mo$278.17$278.17$278.17
Insurance / mo$166.67$166.67$166.67
MI / mo$205.23$205.23$94.50
HOA / mo$310.00$310.00$310.00
Total monthly$2,277.32$3,883.22$4,120.83
Cash to close$301,156$52,500$52,500