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$242,063$242,063$616,500
Remaining term (yrs)23.123.130.0
Secondary amount$0$374,437$0
Funding fee$0$0$0
Note rate3.700%3.700%7.320%
Blended rate4.550%6.494%7.560%
1st payment$1,294.90$1,294.90$4,234.93
2nd payment$0.00$2,418.24$0.00
Taxes / mo$502.75$502.75$502.75
Insurance / mo$166.67$166.67$166.67
MI / mo$199.27$199.27$123.30
HOA / mo$4.25$4.25$4.25
Total monthly$2,167.85$4,586.08$5,031.89
Cash to close$442,937$68,500$68,500