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$257,127$257,127$436,500
Remaining term (yrs)20.220.230.0
Secondary amount$0$179,373$0
Funding fee$0$0$0
Note rate3.770%3.770%7.320%
Blended rate4.620%6.009%7.560%
1st payment$1,510.38$1,510.38$2,998.45
2nd payment$0.00$1,195.82$0.00
Taxes / mo$404.17$404.17$404.17
Insurance / mo$166.67$166.67$166.67
MI / mo$230.45$230.45$87.30
HOA / mo$65.00$65.00$65.00
Total monthly$2,376.66$3,572.48$3,721.59
Cash to close$227,873$48,500$48,500