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$257,850$257,850$719,100
Remaining term (yrs)19.919.930.0
Secondary amount$0$461,250$0
Funding fee$0$0$0
Note rate3.440%3.440%7.400%
Blended rate4.290%6.509%7.640%
1st payment$1,487.49$1,487.49$4,978.90
2nd payment$0.00$2,978.91$0.00
Taxes / mo$665.83$665.83$665.83
Insurance / mo$216.67$216.67$216.67
MI / mo$236.40$236.40$143.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,606.39$5,585.29$6,005.22
Cash to close$541,150$79,900$79,900