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$237,414$237,414$472,500
Remaining term (yrs)18.618.630.0
Secondary amount$0$235,086$0
Funding fee$0$0$0
Note rate3.630%3.630%7.400%
Blended rate4.480%6.107%7.640%
1st payment$1,456.22$1,456.22$3,271.49
2nd payment$0.00$1,518.27$0.00
Taxes / mo$437.50$437.50$437.50
Insurance / mo$166.67$166.67$166.67
MI / mo$226.04$226.04$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,286.42$3,804.69$3,970.16
Cash to close$287,586$52,500$52,500