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$241,179$241,179$643,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$402,321$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%6.412%7.640%
1st payment$1,222.83$1,222.83$4,455.46
2nd payment$0.00$2,598.32$0.00
Taxes / mo$318.83$318.83$318.83
Insurance / mo$216.67$216.67$216.67
MI / mo$197.03$197.03$128.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,955.37$4,553.69$5,119.66
Cash to close$473,821$71,500$71,500