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$267,305$267,305$449,100
Remaining term (yrs)20.620.630.0
Secondary amount$0$181,795$0
Funding fee$0$0$0
Note rate3.970%3.970%7.400%
Blended rate4.820%6.107%7.640%
1st payment$1,577.39$1,577.39$3,109.48
2nd payment$0.00$1,211.96$0.00
Taxes / mo$464.00$464.00$464.00
Insurance / mo$166.67$166.67$166.67
MI / mo$234.89$234.89$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,442.95$3,654.91$3,829.96
Cash to close$231,695$49,900$49,900