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$255,388$255,388$625,500
Remaining term (yrs)19.519.530.0
Secondary amount$0$370,112$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.423%7.640%
1st payment$1,518.20$1,518.20$4,330.84
2nd payment$0.00$2,390.31$0.00
Taxes / mo$579.17$579.17$579.17
Insurance / mo$166.67$166.67$166.67
MI / mo$235.08$235.08$125.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,499.12$4,889.42$5,201.77
Cash to close$439,612$69,500$69,500