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$230,876$230,876$584,460
Remaining term (yrs)18.418.430.0
Secondary amount$0$353,584$0
Funding fee$0$0$0
Note rate3.710%3.710%7.320%
Blended rate4.560%6.490%7.560%
1st payment$1,434.44$1,434.44$4,014.83
2nd payment$0.00$2,283.57$0.00
Taxes / mo$996.83$996.83$996.83
Insurance / mo$166.67$166.67$166.67
MI / mo$220.48$220.48$116.89
HOA / mo$178.33$178.33$178.33
Total monthly$2,996.74$5,280.31$5,473.56
Cash to close$418,524$64,940$64,940