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$208,159$208,159$526,500
Remaining term (yrs)19.119.130.0
Secondary amount$0$318,341$0
Funding fee$0$0$0
Note rate3.800%3.800%7.320%
Blended rate4.650%6.524%7.560%
1st payment$1,271.90$1,271.90$3,616.69
2nd payment$0.00$2,055.96$0.00
Taxes / mo$181.50$181.50$181.50
Insurance / mo$166.67$166.67$166.67
MI / mo$193.35$193.35$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,813.41$3,869.37$4,070.16
Cash to close$376,841$58,500$58,500