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$233,435$233,435$484,200
Remaining term (yrs)18.418.430.0
Secondary amount$0$250,765$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%6.231%7.560%
1st payment$1,455.13$1,455.13$3,326.12
2nd payment$0.00$1,619.53$0.00
Taxes / mo$448.33$448.33$448.33
Insurance / mo$166.67$166.67$166.67
MI / mo$222.56$222.56$96.84
HOA / mo$430.00$430.00$430.00
Total monthly$2,722.69$4,342.22$4,467.96
Cash to close$304,565$53,800$53,800