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$207,950$207,950$643,500
Remaining term (yrs)15.515.530.0
Secondary amount$0$435,550$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%6.651%7.640%
1st payment$1,438.52$1,438.52$4,455.46
2nd payment$0.00$2,812.93$0.00
Taxes / mo$595.83$595.83$595.83
Insurance / mo$216.67$216.67$216.67
MI / mo$222.56$222.56$128.70
HOA / mo$0.00$0.00$0.00
Total monthly$2,473.58$5,286.51$5,396.66
Cash to close$507,050$71,500$71,500