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$231,448$231,448$764,910
Remaining term (yrs)15.915.930.0
Secondary amount$0$533,462$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%6.736%7.640%
1st payment$1,581.78$1,581.78$5,296.08
2nd payment$0.00$3,445.28$0.00
Taxes / mo$708.25$708.25$708.25
Insurance / mo$216.67$216.67$216.67
MI / mo$247.97$247.97$152.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,754.67$6,199.94$6,373.98
Cash to close$618,452$84,990$84,990