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$250,951$250,951$539,100
Remaining term (yrs)20.320.330.0
Secondary amount$0$288,149$0
Funding fee$0$0$0
Note rate3.540%3.540%7.400%
Blended rate4.390%6.186%7.640%
1st payment$1,440.09$1,440.09$3,732.62
2nd payment$0.00$1,860.96$0.00
Taxes / mo$499.17$499.17$499.17
Insurance / mo$166.67$166.67$166.67
MI / mo$226.04$226.04$107.82
HOA / mo$0.00$0.00$0.00
Total monthly$2,331.97$4,192.93$4,506.27
Cash to close$348,049$59,900$59,900