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$249,265$249,265$414,000
Remaining term (yrs)19.619.630.0
Secondary amount$0$164,735$0
Funding fee$0$0$0
Note rate3.570%3.570%7.320%
Blended rate4.420%5.845%7.560%
1st payment$1,467.25$1,467.25$2,843.89
2nd payment$0.00$1,098.23$0.00
Taxes / mo$219.67$219.67$219.67
Insurance / mo$166.67$166.67$166.67
MI / mo$229.45$229.45$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$2,083.03$3,181.26$3,313.03
Cash to close$210,735$46,000$46,000