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$188,318$188,318$575,100
Remaining term (yrs)18.718.730.0
Secondary amount$0$386,782$0
Funding fee$0$0$0
Note rate3.840%3.840%7.400%
Blended rate4.690%6.748%7.640%
1st payment$1,171.86$1,171.86$3,981.88
2nd payment$0.00$2,497.96$0.00
Taxes / mo$448.83$448.83$448.83
Insurance / mo$166.67$166.67$166.67
MI / mo$177.27$177.27$115.02
HOA / mo$58.33$58.33$58.33
Total monthly$2,022.96$4,520.93$4,770.73
Cash to close$450,682$63,900$63,900