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$208,805$208,805$625,500
Remaining term (yrs)16.016.030.0
Secondary amount$0$416,695$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate4.350%6.615%7.560%
1st payment$1,410.92$1,410.92$4,296.75
2nd payment$0.00$2,691.15$0.00
Taxes / mo$579.17$579.17$579.17
Insurance / mo$166.67$166.67$166.67
MI / mo$222.56$222.56$125.10
HOA / mo$0.00$0.00$0.00
Total monthly$2,379.31$5,070.46$5,167.68
Cash to close$486,195$69,500$69,500