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$206,520$206,520$517,410
Remaining term (yrs)19.119.130.0
Secondary amount$0$310,890$0
Funding fee$0$0$0
Note rate3.760%3.760%7.400%
Blended rate4.610%6.497%7.640%
1st payment$1,257.61$1,257.61$3,582.44
2nd payment$0.00$2,007.83$0.00
Taxes / mo$371.33$371.33$371.33
Insurance / mo$166.67$166.67$166.67
MI / mo$192.12$192.12$103.48
HOA / mo$31.25$31.25$31.25
Total monthly$2,018.98$4,026.81$4,255.17
Cash to close$368,380$57,490$57,490