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$258,857$258,857$431,910
Remaining term (yrs)22.922.930.0
Secondary amount$0$173,053$0
Funding fee$0$0$0
Note rate3.700%3.700%7.400%
Blended rate4.550%5.932%7.640%
1st payment$1,394.25$1,394.25$2,990.46
2nd payment$0.00$1,153.69$0.00
Taxes / mo$643.42$643.42$643.42
Insurance / mo$166.67$166.67$166.67
MI / mo$214.56$214.56$86.38
HOA / mo$11.17$11.17$11.17
Total monthly$2,430.06$3,583.75$3,898.09
Cash to close$221,043$47,990$47,990