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$195,690$195,690$528,300
Remaining term (yrs)18.918.930.0
Secondary amount$0$332,610$0
Funding fee$0$0$0
Note rate3.840%3.840%7.400%
Blended rate4.690%6.617%7.640%
1st payment$1,206.85$1,206.85$3,657.84
2nd payment$0.00$2,148.11$0.00
Taxes / mo$241.58$241.58$241.58
Insurance / mo$166.67$166.67$166.67
MI / mo$182.57$182.57$105.66
HOA / mo$8.33$8.33$8.33
Total monthly$1,806.00$3,954.11$4,180.08
Cash to close$391,310$58,700$58,700