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$259,307$259,307$517,500
Remaining term (yrs)18.618.630.0
Secondary amount$0$258,193$0
Funding fee$0$0$0
Note rate3.670%3.670%7.320%
Blended rate4.520%6.132%7.560%
1st payment$1,595.82$1,595.82$3,554.87
2nd payment$0.00$1,667.49$0.00
Taxes / mo$617.92$617.92$617.92
Insurance / mo$166.67$166.67$166.67
MI / mo$246.49$246.49$103.50
HOA / mo$40.00$40.00$40.00
Total monthly$2,666.89$4,334.38$4,482.95
Cash to close$315,693$57,500$57,500