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$229,773$229,773$697,500
Remaining term (yrs)18.218.230.0
Secondary amount$0$467,727$0
Funding fee$0$0$0
Note rate3.980%3.980%7.320%
Blended rate4.830%6.788%7.560%
1st payment$1,473.05$1,473.05$4,791.34
2nd payment$0.00$3,020.74$0.00
Taxes / mo$451.75$451.75$451.75
Insurance / mo$216.67$216.67$216.67
MI / mo$219.08$219.08$139.50
HOA / mo$70.00$70.00$70.00
Total monthly$2,430.55$5,451.29$5,669.26
Cash to close$545,227$77,500$77,500