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$258,523$258,523$449,100
Remaining term (yrs)23.123.130.0
Secondary amount$0$190,577$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%5.962%7.640%
1st payment$1,370.55$1,370.55$3,109.48
2nd payment$0.00$1,270.51$0.00
Taxes / mo$415.83$415.83$415.83
Insurance / mo$166.67$166.67$166.67
MI / mo$213.27$213.27$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,166.32$3,436.83$3,781.80
Cash to close$240,477$49,900$49,900