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$245,626$245,626$746,999
Remaining term (yrs)16.316.330.0
Secondary amount$0$501,373$0
Funding fee$0$0$0
Note rate3.400%3.400%7.400%
Blended rate4.250%6.599%7.640%
1st payment$1,628.73$1,628.73$5,172.07
2nd payment$0.00$3,238.03$0.00
Taxes / mo$691.67$691.67$691.67
Insurance / mo$216.67$216.67$216.67
MI / mo$260.14$260.14$149.40
HOA / mo$0.00$0.00$0.00
Total monthly$2,797.20$6,035.24$6,229.80
Cash to close$584,373$83,000$83,000