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$255,732$255,732$490,500
Remaining term (yrs)20.920.930.0
Secondary amount$0$234,768$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%6.212%7.640%
1st payment$1,491.01$1,491.01$3,396.12
2nd payment$0.00$1,516.21$0.00
Taxes / mo$454.17$454.17$454.17
Insurance / mo$166.67$166.67$166.67
MI / mo$222.56$222.56$98.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,334.41$3,850.62$4,115.06
Cash to close$289,268$54,500$54,500