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$217,688$217,688$449,999
Remaining term (yrs)22.822.830.0
Secondary amount$0$232,311$0
Funding fee$0$0$0
Note rate3.820%3.820%7.320%
Blended rate4.670%6.260%7.560%
1st payment$1,189.18$1,189.18$3,091.18
2nd payment$0.00$1,500.34$0.00
Taxes / mo$545.25$545.25$545.25
Insurance / mo$166.67$166.67$166.67
MI / mo$180.33$180.33$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,081.43$3,581.77$3,893.10
Cash to close$282,311$50,000$50,000