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$196,524$196,524$719,550
Remaining term (yrs)15.715.730.0
Secondary amount$0$523,026$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%6.925%7.640%
1st payment$1,386.00$1,386.00$4,982.02
2nd payment$0.00$3,377.87$0.00
Taxes / mo$666.25$666.25$666.25
Insurance / mo$216.67$216.67$216.67
MI / mo$208.65$208.65$143.91
HOA / mo$0.00$0.00$0.00
Total monthly$2,477.57$5,855.44$6,008.85
Cash to close$602,976$79,950$79,950