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$253,287$253,287$485,100
Remaining term (yrs)21.121.130.0
Secondary amount$0$231,813$0
Funding fee$0$0$0
Note rate3.880%3.880%7.320%
Blended rate4.730%6.173%7.560%
1st payment$1,459.92$1,459.92$3,332.30
2nd payment$0.00$1,497.13$0.00
Taxes / mo$957.92$957.92$957.92
Insurance / mo$166.67$166.67$166.67
MI / mo$219.78$219.78$97.02
HOA / mo$0.00$0.00$0.00
Total monthly$2,804.28$4,301.41$4,553.90
Cash to close$285,713$53,900$53,900