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$189,989$189,989$409,500
Remaining term (yrs)19.819.830.0
Secondary amount$0$219,511$0
Funding fee$0$0$0
Note rate3.570%3.570%7.320%
Blended rate4.420%6.205%7.560%
1st payment$1,111.89$1,111.89$2,812.98
2nd payment$0.00$1,417.67$0.00
Taxes / mo$379.17$379.17$379.17
Insurance / mo$166.67$166.67$166.67
MI / mo$173.88$173.88$81.90
HOA / mo$324.00$324.00$324.00
Total monthly$2,155.60$3,573.27$3,764.71
Cash to close$265,011$45,500$45,500