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$256,501$256,501$418,500
Remaining term (yrs)22.922.930.0
Secondary amount$0$161,999$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%5.836%7.640%
1st payment$1,367.47$1,367.47$2,897.61
2nd payment$0.00$1,079.99$0.00
Taxes / mo$31.17$31.17$31.17
Insurance / mo$166.67$166.67$166.67
MI / mo$212.52$212.52$83.70
HOA / mo$122.33$122.33$122.33
Total monthly$1,900.16$2,980.15$3,301.47
Cash to close$208,499$46,500$46,500