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$245,480$245,480$481,500
Remaining term (yrs)19.419.430.0
Secondary amount$0$236,020$0
Funding fee$0$0$0
Note rate3.720%3.720%7.400%
Blended rate4.570%6.129%7.640%
1st payment$1,472.44$1,472.44$3,333.81
2nd payment$0.00$1,524.29$0.00
Taxes / mo$472.75$472.75$472.75
Insurance / mo$166.67$166.67$166.67
MI / mo$226.04$226.04$96.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,337.89$3,862.18$4,069.53
Cash to close$289,520$53,500$53,500