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$185,300$185,300$485,100
Remaining term (yrs)18.918.930.0
Secondary amount$0$299,800$0
Funding fee$0$0$0
Note rate3.900%3.900%7.320%
Blended rate4.750%6.604%7.560%
1st payment$1,148.55$1,148.55$3,332.30
2nd payment$0.00$1,936.21$0.00
Taxes / mo$352.92$352.92$352.92
Insurance / mo$166.67$166.67$166.67
MI / mo$172.48$172.48$97.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,840.62$3,776.82$3,948.90
Cash to close$353,700$53,900$53,900