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$257,878$257,878$644,310
Remaining term (yrs)18.318.330.0
Secondary amount$0$386,432$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%6.509%7.640%
1st payment$1,624.19$1,624.19$4,461.07
2nd payment$0.00$2,495.71$0.00
Taxes / mo$596.58$596.58$596.58
Insurance / mo$216.67$216.67$216.67
MI / mo$246.90$246.90$128.86
HOA / mo$0.00$0.00$0.00
Total monthly$2,684.34$5,180.05$5,403.18
Cash to close$458,022$71,590$71,590