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$193,497$193,497$405,000
Remaining term (yrs)20.720.730.0
Secondary amount$0$211,503$0
Funding fee$0$0$0
Note rate3.950%3.950%7.320%
Blended rate4.800%6.341%7.560%
1st payment$1,136.85$1,136.85$2,782.07
2nd payment$0.00$1,365.96$0.00
Taxes / mo$266.67$266.67$266.67
Insurance / mo$150.00$150.00$150.00
MI / mo$169.70$169.70$81.00
HOA / mo$21.67$21.67$21.67
Total monthly$1,744.88$3,110.84$3,301.41
Cash to close$256,503$45,000$45,000