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$294,298$294,298$472,499
Remaining term (yrs)23.923.930.0
Secondary amount$0$178,201$0
Funding fee$0$0$0
Note rate3.210%3.210%7.320%
Blended rate4.060%5.546%7.560%
1st payment$1,466.84$1,466.84$3,245.74
2nd payment$0.00$1,188.01$0.00
Taxes / mo$437.50$437.50$437.50
Insurance / mo$166.67$166.67$166.67
MI / mo$239.95$239.95$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,310.95$3,498.96$3,944.41
Cash to close$230,701$52,500$52,500