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$196,749$196,749$405,000
Remaining term (yrs)19.019.030.0
Secondary amount$0$208,251$0
Funding fee$0$0$0
Note rate3.910%3.910%7.400%
Blended rate4.760%6.297%7.640%
1st payment$1,216.97$1,216.97$2,804.14
2nd payment$0.00$1,344.95$0.00
Taxes / mo$298.83$298.83$298.83
Insurance / mo$150.00$150.00$150.00
MI / mo$182.54$182.54$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,848.34$3,193.29$3,333.97
Cash to close$253,251$45,000$45,000