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$245,480$245,480$467,910
Remaining term (yrs)19.719.730.0
Secondary amount$0$222,430$0
Funding fee$0$0$0
Note rate3.580%3.580%7.400%
Blended rate4.430%6.008%7.640%
1st payment$1,442.05$1,442.05$3,239.71
2nd payment$0.00$1,436.53$0.00
Taxes / mo$403.33$403.33$403.33
Insurance / mo$166.67$166.67$166.67
MI / mo$225.23$225.23$93.58
HOA / mo$7.42$7.42$7.42
Total monthly$2,244.70$3,681.22$3,910.72
Cash to close$274,420$51,990$51,990