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$274,411$274,411$434,499
Remaining term (yrs)23.023.030.0
Secondary amount$0$160,089$0
Funding fee$0$0$0
Note rate3.640%3.640%7.320%
Blended rate4.490%5.783%7.560%
1st payment$1,462.50$1,462.50$2,984.71
2nd payment$0.00$1,067.26$0.00
Taxes / mo$492.42$492.42$492.42
Insurance / mo$166.67$166.67$166.67
MI / mo$226.73$226.73$86.90
HOA / mo$86.00$86.00$86.00
Total monthly$2,434.32$3,501.58$3,816.69
Cash to close$208,366$48,278$48,278