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$249,670$249,670$450,000
Remaining term (yrs)25.425.430.0
Secondary amount$0$200,330$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%5.891%7.640%
1st payment$1,241.32$1,241.32$3,115.71
2nd payment$0.00$1,293.80$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$194.60$194.60$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,019.25$3,313.05$3,789.04
Cash to close$250,330$50,000$50,000