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$214,299$214,299$701,955
Remaining term (yrs)19.819.830.0
Secondary amount$0$487,656$0
Funding fee$0$0$0
Note rate3.480%3.480%7.400%
Blended rate4.330%6.706%7.640%
1st payment$1,244.24$1,244.24$4,860.19
2nd payment$0.00$3,149.44$0.00
Taxes / mo$649.96$649.96$649.96
Insurance / mo$216.67$216.67$216.67
MI / mo$196.76$196.76$140.39
HOA / mo$0.00$0.00$0.00
Total monthly$2,307.63$5,457.07$5,867.21
Cash to close$565,651$77,995$77,995