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$297,267$297,267$481,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$184,233$0
Funding fee$0$0$0
Note rate3.000%3.000%7.400%
Blended rate3.850%5.438%7.640%
1st payment$1,422.48$1,422.48$3,333.81
2nd payment$0.00$1,228.22$0.00
Taxes / mo$303.75$303.75$303.75
Insurance / mo$166.67$166.67$166.67
MI / mo$238.99$238.99$96.30
HOA / mo$8.33$8.33$8.33
Total monthly$2,140.22$3,368.44$3,908.86
Cash to close$237,733$53,500$53,500