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$230,505$230,505$627,300
Remaining term (yrs)23.823.830.0
Secondary amount$0$396,795$0
Funding fee$0$0$0
Note rate3.230%3.230%7.320%
Blended rate4.080%6.401%7.560%
1st payment$1,153.95$1,153.95$4,309.12
2nd payment$0.00$2,562.63$0.00
Taxes / mo$375.67$375.67$375.67
Insurance / mo$166.67$166.67$166.67
MI / mo$188.29$188.29$125.46
HOA / mo$0.00$0.00$0.00
Total monthly$1,884.58$4,447.21$4,976.91
Cash to close$466,495$69,700$69,700