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$192,633$192,633$530,100
Remaining term (yrs)23.023.030.0
Secondary amount$0$337,467$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%6.496%7.560%
1st payment$1,007.28$1,007.28$3,641.42
2nd payment$0.00$2,179.47$0.00
Taxes / mo$254.42$254.42$254.42
Insurance / mo$166.67$166.67$166.67
MI / mo$156.79$156.79$106.02
HOA / mo$45.00$45.00$45.00
Total monthly$1,630.15$3,809.62$4,213.52
Cash to close$396,367$58,900$58,900