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$187,407$187,407$400,500
Remaining term (yrs)20.920.930.0
Secondary amount$0$213,093$0
Funding fee$0$0$0
Note rate3.880%3.880%7.320%
Blended rate4.730%6.337%7.560%
1st payment$1,085.70$1,085.70$2,751.16
2nd payment$0.00$1,376.23$0.00
Taxes / mo$370.83$370.83$370.83
Insurance / mo$150.00$150.00$150.00
MI / mo$163.44$163.44$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,769.98$3,146.20$3,352.09
Cash to close$257,593$44,500$44,500