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$227,237$227,237$459,000
Remaining term (yrs)20.020.030.0
Secondary amount$0$231,763$0
Funding fee$0$0$0
Note rate3.430%3.430%7.320%
Blended rate4.280%6.032%7.560%
1st payment$1,302.19$1,302.19$3,153.01
2nd payment$0.00$1,496.80$0.00
Taxes / mo$430.67$430.67$430.67
Insurance / mo$166.67$166.67$166.67
MI / mo$207.21$207.21$91.80
HOA / mo$16.00$16.00$16.00
Total monthly$2,122.73$3,619.53$3,858.14
Cash to close$282,763$51,000$51,000