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$229,393$229,393$530,910
Remaining term (yrs)20.120.130.0
Secondary amount$0$301,517$0
Funding fee$0$0$0
Note rate3.420%3.420%7.400%
Blended rate4.270%6.246%7.640%
1st payment$1,309.61$1,309.61$3,675.91
2nd payment$0.00$1,947.30$0.00
Taxes / mo$491.58$491.58$491.58
Insurance / mo$166.67$166.67$166.67
MI / mo$208.65$208.65$106.18
HOA / mo$0.00$0.00$0.00
Total monthly$2,176.51$4,123.81$4,440.35
Cash to close$360,507$58,990$58,990