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$218,945$218,945$467,910
Remaining term (yrs)20.920.930.0
Secondary amount$0$248,965$0
Funding fee$0$0$0
Note rate3.970%3.970%7.400%
Blended rate4.820%6.379%7.640%
1st payment$1,282.11$1,282.11$3,239.71
2nd payment$0.00$1,607.90$0.00
Taxes / mo$116.40$116.40$116.40
Insurance / mo$166.67$166.67$166.67
MI / mo$190.91$190.91$93.58
HOA / mo$50.42$50.42$50.42
Total monthly$1,806.51$3,414.41$3,666.79
Cash to close$300,955$51,990$51,990