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$196,131$196,131$377,910
Remaining term (yrs)19.419.430.0
Secondary amount$0$181,779$0
Funding fee$0$0$0
Note rate3.870%3.870%7.400%
Blended rate4.720%6.298%7.640%
1st payment$1,195.12$1,195.12$2,616.57
2nd payment$0.00$1,211.86$0.00
Taxes / mo$318.33$318.33$318.33
Insurance / mo$150.00$150.00$150.00
MI / mo$180.13$180.13$75.58
HOA / mo$77.00$77.00$77.00
Total monthly$1,920.59$3,132.45$3,237.49
Cash to close$223,769$41,990$41,990