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$254,756$254,756$688,410
Remaining term (yrs)19.919.930.0
Secondary amount$0$433,654$0
Funding fee$0$0$0
Note rate3.440%3.440%7.400%
Blended rate4.290%6.470%7.640%
1st payment$1,465.40$1,465.40$4,766.41
2nd payment$0.00$2,800.68$0.00
Taxes / mo$637.42$637.42$637.42
Insurance / mo$216.67$216.67$216.67
MI / mo$232.89$232.89$137.68
HOA / mo$0.00$0.00$0.00
Total monthly$2,552.37$5,353.05$5,758.18
Cash to close$510,144$76,490$76,490