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$237,651$237,651$581,850
Remaining term (yrs)23.323.330.0
Secondary amount$0$344,199$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%6.455%7.640%
1st payment$1,269.41$1,269.41$4,028.61
2nd payment$0.00$2,222.95$0.00
Taxes / mo$113.67$113.67$113.67
Insurance / mo$166.67$166.67$166.67
MI / mo$194.63$194.63$116.37
HOA / mo$0.00$0.00$0.00
Total monthly$1,744.38$3,967.33$4,425.32
Cash to close$408,849$64,650$64,650