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$202,959$202,959$494,550
Remaining term (yrs)24.524.530.0
Secondary amount$0$291,591$0
Funding fee$0$0$0
Note rate3.080%3.080%7.320%
Blended rate3.930%6.182%7.560%
1st payment$979.64$979.64$3,397.22
2nd payment$0.00$1,883.19$0.00
Taxes / mo$457.92$457.92$457.92
Insurance / mo$166.67$166.67$166.67
MI / mo$162.92$162.92$98.91
HOA / mo$555.00$555.00$555.00
Total monthly$2,322.14$4,205.33$4,675.71
Cash to close$346,541$54,950$54,950