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$214,579$214,579$481,500
Remaining term (yrs)19.419.430.0
Secondary amount$0$266,921$0
Funding fee$0$0$0
Note rate3.650%3.650%7.320%
Blended rate4.500%6.302%7.560%
1st payment$1,279.32$1,279.32$3,307.57
2nd payment$0.00$1,723.86$0.00
Taxes / mo$429.00$429.00$429.00
Insurance / mo$166.67$166.67$166.67
MI / mo$198.09$198.09$96.30
HOA / mo$253.00$253.00$253.00
Total monthly$2,326.08$4,049.94$4,252.54
Cash to close$320,421$53,500$53,500