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$197,311$197,311$656,100
Remaining term (yrs)24.624.630.0
Secondary amount$0$458,789$0
Funding fee$0$0$0
Note rate3.060%3.060%7.400%
Blended rate3.910%6.595%7.640%
1st payment$948.18$948.18$4,542.70
2nd payment$0.00$2,963.01$0.00
Taxes / mo$155.50$155.50$155.50
Insurance / mo$216.67$216.67$216.67
MI / mo$158.09$158.09$131.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,478.44$4,441.45$5,046.09
Cash to close$531,689$72,900$72,900