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$189,208$189,208$510,300
Remaining term (yrs)18.418.430.0
Secondary amount$0$321,092$0
Funding fee$0$0$0
Note rate3.880%3.880%7.320%
Blended rate4.730%6.630%7.560%
1st payment$1,192.11$1,192.11$3,505.41
2nd payment$0.00$2,073.72$0.00
Taxes / mo$446.28$446.28$446.28
Insurance / mo$166.67$166.67$166.67
MI / mo$179.46$179.46$102.06
HOA / mo$36.67$36.67$36.67
Total monthly$2,021.18$4,094.90$4,257.08
Cash to close$377,792$56,700$56,700