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$192,802$192,802$477,000
Remaining term (yrs)20.020.030.0
Secondary amount$0$284,198$0
Funding fee$0$0$0
Note rate3.460%3.460%7.400%
Blended rate4.310%6.360%7.640%
1st payment$1,107.83$1,107.83$3,302.65
2nd payment$0.00$1,835.44$0.00
Taxes / mo$111.00$111.00$111.00
Insurance / mo$166.67$166.67$166.67
MI / mo$175.62$175.62$95.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,561.12$3,396.56$3,675.72
Cash to close$337,198$53,000$53,000