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$204,155$204,155$449,100
Remaining term (yrs)19.619.630.0
Secondary amount$0$244,945$0
Funding fee$0$0$0
Note rate3.590%3.590%7.320%
Blended rate4.440%6.245%7.560%
1st payment$1,203.82$1,203.82$3,085.01
2nd payment$0.00$1,581.94$0.00
Taxes / mo$425.92$425.92$425.92
Insurance / mo$166.67$166.67$166.67
MI / mo$187.79$187.79$89.82
HOA / mo$105.33$105.33$105.33
Total monthly$2,089.52$3,671.45$3,872.74
Cash to close$294,845$49,900$49,900