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$244,846$244,846$494,999
Remaining term (yrs)19.819.830.0
Secondary amount$0$250,153$0
Funding fee$0$0$0
Note rate3.570%3.570%7.400%
Blended rate4.420%6.103%7.640%
1st payment$1,432.93$1,432.93$3,427.27
2nd payment$0.00$1,615.57$0.00
Taxes / mo$458.33$458.33$458.33
Insurance / mo$166.67$166.67$166.67
MI / mo$224.08$224.08$99.00
HOA / mo$430.00$430.00$430.00
Total monthly$2,712.01$4,327.58$4,581.27
Cash to close$305,153$55,000$55,000