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$289,153$289,153$458,910
Remaining term (yrs)23.923.930.0
Secondary amount$0$169,757$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%5.429%7.640%
1st payment$1,420.12$1,420.12$3,177.40
2nd payment$0.00$1,131.71$0.00
Taxes / mo$496.33$496.33$496.33
Insurance / mo$166.67$166.67$166.67
MI / mo$236.47$236.47$91.78
HOA / mo$33.33$33.33$33.33
Total monthly$2,352.92$3,484.63$3,965.51
Cash to close$220,747$50,990$50,990