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$228,864$228,864$710,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$481,236$0
Funding fee$0$0$0
Note rate3.060%3.060%7.320%
Blended rate3.910%6.512%7.560%
1st payment$1,097.34$1,097.34$4,877.89
2nd payment$0.00$3,107.98$0.00
Taxes / mo$531.55$531.55$531.55
Insurance / mo$216.67$216.67$216.67
MI / mo$182.96$182.96$142.02
HOA / mo$164.00$164.00$164.00
Total monthly$2,192.51$5,300.49$5,932.13
Cash to close$560,136$78,900$78,900