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$191,494$191,494$459,000
Remaining term (yrs)20.120.130.0
Secondary amount$0$267,506$0
Funding fee$0$0$0
Note rate3.470%3.470%7.320%
Blended rate4.320%6.319%7.560%
1st payment$1,098.16$1,098.16$3,153.01
2nd payment$0.00$1,727.64$0.00
Taxes / mo$154.33$154.33$154.33
Insurance / mo$166.67$166.67$166.67
MI / mo$173.88$173.88$91.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,593.04$3,320.68$3,565.81
Cash to close$318,506$51,000$51,000