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$246,371$246,371$476,991
Remaining term (yrs)19.919.930.0
Secondary amount$0$230,620$0
Funding fee$0$0$0
Note rate3.420%3.420%7.400%
Blended rate4.270%5.953%7.640%
1st payment$1,418.75$1,418.75$3,302.59
2nd payment$0.00$1,489.42$0.00
Taxes / mo$441.66$441.66$441.66
Insurance / mo$166.67$166.67$166.67
MI / mo$226.04$226.04$95.40
HOA / mo$134.00$134.00$134.00
Total monthly$2,387.11$3,876.53$4,140.31
Cash to close$283,619$52,999$52,999