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$225,921$225,921$719,910
Remaining term (yrs)23.023.030.0
Secondary amount$0$493,989$0
Funding fee$0$0$0
Note rate3.640%3.640%7.400%
Blended rate4.490%6.727%7.640%
1st payment$1,204.07$1,204.07$4,984.51
2nd payment$0.00$3,190.35$0.00
Taxes / mo$666.58$666.58$666.58
Insurance / mo$216.67$216.67$216.67
MI / mo$186.67$186.67$143.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,273.99$5,464.33$6,011.74
Cash to close$573,979$79,990$79,990