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$273,446$273,446$494,910
Remaining term (yrs)22.822.830.0
Secondary amount$0$221,464$0
Funding fee$0$0$0
Note rate3.750%3.750%7.320%
Blended rate4.600%6.010%7.560%
1st payment$1,483.53$1,483.53$3,399.69
2nd payment$0.00$1,430.29$0.00
Taxes / mo$443.50$443.50$443.50
Insurance / mo$166.67$166.67$166.67
MI / mo$226.90$226.90$98.98
HOA / mo$8.33$8.33$8.33
Total monthly$2,328.93$3,759.21$4,117.17
Cash to close$276,454$54,990$54,990