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$204,346$204,346$665,910
Remaining term (yrs)16.416.430.0
Secondary amount$0$461,564$0
Funding fee$0$0$0
Note rate3.400%3.400%7.320%
Blended rate4.250%6.676%7.560%
1st payment$1,349.89$1,349.89$4,574.34
2nd payment$0.00$2,980.93$0.00
Taxes / mo$616.58$616.58$616.58
Insurance / mo$216.67$216.67$216.67
MI / mo$215.61$215.61$133.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,398.75$5,379.68$5,540.77
Cash to close$535,554$73,990$73,990