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$196,811$196,811$418,496
Remaining term (yrs)19.419.430.0
Secondary amount$0$221,685$0
Funding fee$0$0$0
Note rate3.870%3.870%7.320%
Blended rate4.720%6.325%7.560%
1st payment$1,199.26$1,199.26$2,874.77
2nd payment$0.00$1,431.71$0.00
Taxes / mo$387.50$387.50$387.50
Insurance / mo$166.67$166.67$166.67
MI / mo$180.76$180.76$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,934.18$3,365.90$3,512.64
Cash to close$268,184$46,500$46,500