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$219,856$219,856$539,910
Remaining term (yrs)19.519.530.0
Secondary amount$0$320,054$0
Funding fee$0$0$0
Note rate3.690%3.690%7.400%
Blended rate4.540%6.443%7.640%
1st payment$1,311.52$1,311.52$3,738.23
2nd payment$0.00$2,067.01$0.00
Taxes / mo$499.92$499.92$499.92
Insurance / mo$166.67$166.67$166.67
MI / mo$202.08$202.08$107.98
HOA / mo$105.00$105.00$105.00
Total monthly$2,285.19$4,352.20$4,617.79
Cash to close$380,044$59,990$59,990