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$240,833$240,833$629,100
Remaining term (yrs)18.418.430.0
Secondary amount$0$388,267$0
Funding fee$0$0$0
Note rate3.800%3.800%7.320%
Blended rate4.650%6.563%7.560%
1st payment$1,507.44$1,507.44$4,321.48
2nd payment$0.00$2,507.56$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$229.16$229.16$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,485.76$4,993.32$5,196.47
Cash to close$458,167$69,900$69,900