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$254,627$254,627$414,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$159,373$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%5.829%7.640%
1st payment$1,342.09$1,342.09$2,866.45
2nd payment$0.00$1,062.48$0.00
Taxes / mo$383.33$383.33$383.33
Insurance / mo$166.67$166.67$166.67
MI / mo$208.58$208.58$82.80
HOA / mo$200.00$200.00$200.00
Total monthly$2,300.67$3,363.15$3,699.25
Cash to close$205,373$46,000$46,000