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$271,189$271,189$481,496
Remaining term (yrs)20.920.930.0
Secondary amount$0$210,307$0
Funding fee$0$0$0
Note rate3.970%3.970%7.320%
Blended rate4.820%6.100%7.560%
1st payment$1,588.04$1,588.04$3,307.54
2nd payment$0.00$1,358.23$0.00
Taxes / mo$445.83$445.83$445.83
Insurance / mo$166.67$166.67$166.67
MI / mo$236.47$236.47$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,437.01$3,795.24$4,016.33
Cash to close$263,806$53,500$53,500