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$193,890$193,890$400,500
Remaining term (yrs)19.619.630.0
Secondary amount$0$206,610$0
Funding fee$0$0$0
Note rate3.610%3.610%7.320%
Blended rate4.460%6.157%7.560%
1st payment$1,145.29$1,145.29$2,751.16
2nd payment$0.00$1,334.36$0.00
Taxes / mo$233.00$233.00$233.00
Insurance / mo$150.00$150.00$150.00
MI / mo$178.21$178.21$80.10
HOA / mo$9.58$9.58$9.58
Total monthly$1,716.08$3,050.44$3,223.84
Cash to close$251,110$44,500$44,500