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$267,935$267,935$853,650
Remaining term (yrs)18.718.730.0
Secondary amount$0$585,715$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%6.777%7.640%
1st payment$1,661.76$1,661.76$5,910.50
2nd payment$0.00$3,782.74$0.00
Taxes / mo$790.42$790.42$790.42
Insurance / mo$216.67$216.67$216.67
MI / mo$252.62$252.62$170.73
HOA / mo$505.00$505.00$505.00
Total monthly$3,426.46$7,209.20$7,593.31
Cash to close$680,565$94,850$94,850