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$205,149$205,149$593,910
Remaining term (yrs)25.125.130.0
Secondary amount$0$388,761$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%6.427%7.640%
1st payment$973.87$973.87$4,112.11
2nd payment$0.00$2,510.75$0.00
Taxes / mo$549.92$549.92$549.92
Insurance / mo$166.67$166.67$166.67
MI / mo$162.16$162.16$118.78
HOA / mo$133.00$133.00$133.00
Total monthly$1,985.62$4,496.37$5,080.48
Cash to close$454,751$65,990$65,990