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$230,051$230,051$657,000
Remaining term (yrs)20.920.930.0
Secondary amount$0$426,949$0
Funding fee$0$0$0
Note rate3.820%3.820%7.400%
Blended rate4.670%6.672%7.640%
1st payment$1,325.46$1,325.46$4,548.94
2nd payment$0.00$2,757.38$0.00
Taxes / mo$133.42$133.42$133.42
Insurance / mo$216.67$216.67$216.67
MI / mo$201.00$201.00$131.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,876.54$4,633.92$5,030.42
Cash to close$499,949$73,000$73,000