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$239,418$239,418$449,910
Remaining term (yrs)22.922.930.0
Secondary amount$0$210,492$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%5.994%7.560%
1st payment$1,273.85$1,273.85$3,090.57
2nd payment$0.00$1,359.43$0.00
Taxes / mo$351.08$351.08$351.08
Insurance / mo$166.67$166.67$166.67
MI / mo$198.47$198.47$89.98
HOA / mo$140.00$140.00$140.00
Total monthly$2,130.07$3,489.49$3,838.30
Cash to close$260,482$49,990$49,990