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$282,843$282,843$450,000
Remaining term (yrs)23.623.630.0
Secondary amount$0$167,157$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%5.599%7.640%
1st payment$1,437.38$1,437.38$3,115.71
2nd payment$0.00$1,114.38$0.00
Taxes / mo$254.67$254.67$254.67
Insurance / mo$166.67$166.67$166.67
MI / mo$231.60$231.60$90.00
HOA / mo$45.67$45.67$45.67
Total monthly$2,135.99$3,250.37$3,672.71
Cash to close$217,157$50,000$50,000