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$219,516$219,516$396,000
Remaining term (yrs)20.020.030.0
Secondary amount$0$176,484$0
Funding fee$0$0$0
Note rate3.460%3.460%7.400%
Blended rate4.310%5.955%7.640%
1st payment$1,261.32$1,261.32$2,741.82
2nd payment$0.00$1,176.56$0.00
Taxes / mo$349.58$349.58$349.58
Insurance / mo$150.00$150.00$150.00
MI / mo$199.96$199.96$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,960.86$3,137.42$3,320.61
Cash to close$220,484$44,000$44,000