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$253,490$253,490$719,550
Remaining term (yrs)20.220.230.0
Secondary amount$0$466,060$0
Funding fee$0$0$0
Note rate3.470%3.470%7.320%
Blended rate4.320%6.542%7.560%
1st payment$1,449.58$1,449.58$4,942.81
2nd payment$0.00$3,009.97$0.00
Taxes / mo$666.25$666.25$666.25
Insurance / mo$216.67$216.67$216.67
MI / mo$229.52$229.52$143.91
HOA / mo$0.00$0.00$0.00
Total monthly$2,562.02$5,571.99$5,969.64
Cash to close$546,010$79,950$79,950