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$257,519$257,519$580,499
Remaining term (yrs)21.121.130.0
Secondary amount$0$322,980$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%6.242%7.640%
1st payment$1,432.96$1,432.96$4,019.26
2nd payment$0.00$2,085.92$0.00
Taxes / mo$537.50$537.50$537.50
Insurance / mo$166.67$166.67$166.67
MI / mo$226.04$226.04$116.10
HOA / mo$396.00$396.00$396.00
Total monthly$2,759.16$4,845.08$5,235.52
Cash to close$387,480$64,500$64,500