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$204,481$204,481$629,100
Remaining term (yrs)25.225.230.0
Secondary amount$0$424,619$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%6.505%7.640%
1st payment$968.58$968.58$4,355.76
2nd payment$0.00$2,742.33$0.00
Taxes / mo$582.50$582.50$582.50
Insurance / mo$166.67$166.67$166.67
MI / mo$161.28$161.28$125.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,879.03$4,621.37$5,230.75
Cash to close$494,519$69,900$69,900