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$207,973$207,973$436,410
Remaining term (yrs)20.020.030.0
Secondary amount$0$228,437$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%6.130%7.640%
1st payment$1,199.28$1,199.28$3,021.61
2nd payment$0.00$1,475.32$0.00
Taxes / mo$425.94$425.94$425.94
Insurance / mo$166.67$166.67$166.67
MI / mo$189.18$189.18$87.28
HOA / mo$20.83$20.83$20.83
Total monthly$2,001.89$3,477.21$3,722.33
Cash to close$276,927$48,490$48,490