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$222,680$222,680$481,500
Remaining term (yrs)15.815.830.0
Secondary amount$0$258,820$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%6.316%7.640%
1st payment$1,555.56$1,555.56$3,333.81
2nd payment$0.00$1,671.55$0.00
Taxes / mo$472.92$472.92$472.92
Insurance / mo$166.67$166.67$166.67
MI / mo$236.47$236.47$96.30
HOA / mo$31.25$31.25$31.25
Total monthly$2,462.86$4,134.41$4,100.94
Cash to close$312,320$53,500$53,500