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$223,332$223,332$471,600
Remaining term (yrs)20.920.930.0
Secondary amount$0$248,268$0
Funding fee$0$0$0
Note rate3.970%3.970%7.400%
Blended rate4.820%6.362%7.640%
1st payment$1,307.80$1,307.80$3,265.26
2nd payment$0.00$1,603.40$0.00
Taxes / mo$436.67$436.67$436.67
Insurance / mo$166.67$166.67$166.67
MI / mo$194.74$194.74$94.32
HOA / mo$0.00$0.00$0.00
Total monthly$2,105.87$3,709.27$3,962.92
Cash to close$300,668$52,400$52,400