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$228,207$228,207$517,500
Remaining term (yrs)20.120.130.0
Secondary amount$0$289,293$0
Funding fee$0$0$0
Note rate3.470%3.470%7.320%
Blended rate4.320%6.237%7.560%
1st payment$1,308.70$1,308.70$3,554.87
2nd payment$0.00$1,868.35$0.00
Taxes / mo$374.25$374.25$374.25
Insurance / mo$166.67$166.67$166.67
MI / mo$207.21$207.21$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,056.83$3,925.18$4,199.28
Cash to close$346,793$57,500$57,500