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$233,552$233,552$517,500
Remaining term (yrs)18.818.830.0
Secondary amount$0$283,948$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%6.021%7.640%
1st payment$1,357.65$1,357.65$3,583.07
2nd payment$0.00$1,833.83$0.00
Taxes / mo$561.33$561.33$561.33
Insurance / mo$166.67$166.67$166.67
MI / mo$201.24$201.24$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,286.89$4,120.73$4,414.57
Cash to close$341,448$57,500$57,500