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$259,451$259,451$490,499
Remaining term (yrs)23.023.030.0
Secondary amount$0$231,048$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%5.983%7.640%
1st payment$1,371.75$1,371.75$3,396.12
2nd payment$0.00$1,492.19$0.00
Taxes / mo$327.75$327.75$327.75
Insurance / mo$166.67$166.67$166.67
MI / mo$214.78$214.78$98.10
HOA / mo$44.00$44.00$44.00
Total monthly$2,124.94$3,617.13$4,032.63
Cash to close$285,548$54,500$54,500