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$257,813$257,813$620,100
Remaining term (yrs)16.316.330.0
Secondary amount$0$362,287$0
Funding fee$0$0$0
Note rate3.340%3.340%7.400%
Blended rate4.190%6.270%7.640%
1st payment$1,701.88$1,701.88$4,293.45
2nd payment$0.00$2,339.77$0.00
Taxes / mo$574.17$574.17$574.17
Insurance / mo$166.67$166.67$166.67
MI / mo$273.88$273.88$124.02
HOA / mo$620.00$620.00$620.00
Total monthly$3,336.59$5,676.37$5,778.30
Cash to close$431,187$68,900$68,900