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$228,408$228,408$538,200
Remaining term (yrs)15.315.330.0
Secondary amount$0$309,792$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.477%7.640%
1st payment$1,644.72$1,644.72$3,726.39
2nd payment$0.00$2,000.74$0.00
Taxes / mo$498.33$498.33$498.33
Insurance / mo$166.67$166.67$166.67
MI / mo$247.00$247.00$107.64
HOA / mo$802.00$802.00$802.00
Total monthly$3,358.72$5,359.46$5,301.03
Cash to close$369,592$59,800$59,800