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$207,632$207,632$495,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$287,368$0
Funding fee$0$0$0
Note rate3.220%3.220%7.320%
Blended rate4.070%6.206%7.560%
1st payment$995.67$995.67$3,400.31
2nd payment$0.00$1,855.92$0.00
Taxes / mo$407.17$407.17$407.17
Insurance / mo$166.67$166.67$166.67
MI / mo$162.67$162.67$99.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,732.17$3,588.09$4,073.14
Cash to close$342,368$55,000$55,000