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$245,762$245,762$495,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$249,238$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%6.037%7.640%
1st payment$1,270.27$1,270.27$3,427.28
2nd payment$0.00$1,609.66$0.00
Taxes / mo$186.67$186.67$186.67
Insurance / mo$166.67$166.67$166.67
MI / mo$201.63$201.63$99.00
HOA / mo$44.67$44.67$44.67
Total monthly$1,869.89$3,479.56$3,924.28
Cash to close$304,238$55,000$55,000