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$217,044$217,044$593,100
Remaining term (yrs)23.523.530.0
Secondary amount$0$376,056$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%6.487%7.640%
1st payment$1,119.27$1,119.27$4,106.50
2nd payment$0.00$2,428.69$0.00
Taxes / mo$549.17$549.17$549.17
Insurance / mo$166.67$166.67$166.67
MI / mo$177.66$177.66$118.62
HOA / mo$0.00$0.00$0.00
Total monthly$2,012.77$4,441.46$4,940.96
Cash to close$441,956$65,900$65,900