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$243,851$243,851$742,500
Remaining term (yrs)16.416.430.0
Secondary amount$0$498,649$0
Funding fee$0$0$0
Note rate3.360%3.360%7.400%
Blended rate4.210%6.587%7.640%
1st payment$1,606.03$1,606.03$5,140.92
2nd payment$0.00$3,220.44$0.00
Taxes / mo$687.50$687.50$687.50
Insurance / mo$216.67$216.67$216.67
MI / mo$257.80$257.80$148.50
HOA / mo$154.00$154.00$154.00
Total monthly$2,922.00$6,142.44$6,347.59
Cash to close$581,149$82,500$82,500