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$232,375$232,375$445,500
Remaining term (yrs)15.415.430.0
Secondary amount$0$213,125$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.107%7.640%
1st payment$1,642.78$1,642.78$3,084.55
2nd payment$0.00$1,376.43$0.00
Taxes / mo$442.92$442.92$442.92
Insurance / mo$166.67$166.67$166.67
MI / mo$251.26$251.26$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,503.63$3,880.06$3,783.24
Cash to close$262,625$49,500$49,500