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$199,484$199,484$764,910
Remaining term (yrs)18.718.730.0
Secondary amount$0$565,426$0
Funding fee$0$0$0
Note rate3.840%3.840%7.400%
Blended rate4.690%6.952%7.640%
1st payment$1,241.34$1,241.34$5,296.08
2nd payment$0.00$3,651.71$0.00
Taxes / mo$282.66$282.66$282.66
Insurance / mo$216.67$216.67$216.67
MI / mo$187.79$187.79$152.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,928.46$5,580.16$5,948.40
Cash to close$650,416$84,990$84,990