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$245,744$245,744$459,000
Remaining term (yrs)21.421.430.0
Secondary amount$0$213,256$0
Funding fee$0$0$0
Note rate3.990%3.990%7.400%
Blended rate4.840%6.192%7.640%
1st payment$1,420.25$1,420.25$3,178.02
2nd payment$0.00$1,377.28$0.00
Taxes / mo$303.92$303.92$303.92
Insurance / mo$166.67$166.67$166.67
MI / mo$210.97$210.97$91.80
HOA / mo$85.00$85.00$85.00
Total monthly$2,186.80$3,564.08$3,825.41
Cash to close$264,256$51,000$51,000