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$206,705$206,705$715,500
Remaining term (yrs)16.316.330.0
Secondary amount$0$508,795$0
Funding fee$0$0$0
Note rate3.310%3.310%7.320%
Blended rate4.160%6.713%7.560%
1st payment$1,356.27$1,356.27$4,914.99
2nd payment$0.00$3,285.97$0.00
Taxes / mo$662.50$662.50$662.50
Insurance / mo$216.67$216.67$216.67
MI / mo$219.08$219.08$143.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,454.52$5,740.49$5,937.26
Cash to close$588,295$79,500$79,500