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$221,301$221,301$629,910
Remaining term (yrs)19.919.930.0
Secondary amount$0$408,609$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%6.556%7.640%
1st payment$1,279.78$1,279.78$4,361.37
2nd payment$0.00$2,638.93$0.00
Taxes / mo$583.25$583.25$583.25
Insurance / mo$166.67$166.67$166.67
MI / mo$201.88$201.88$125.98
HOA / mo$630.00$630.00$630.00
Total monthly$2,861.57$5,500.50$5,867.27
Cash to close$478,599$69,990$69,990