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$212,119$212,119$764,999
Remaining term (yrs)16.016.030.0
Secondary amount$0$552,880$0
Funding fee$0$0$0
Note rate3.400%3.400%7.400%
Blended rate4.250%6.780%7.640%
1st payment$1,422.80$1,422.80$5,296.70
2nd payment$0.00$3,570.69$0.00
Taxes / mo$708.33$708.33$708.33
Insurance / mo$216.67$216.67$216.67
MI / mo$227.25$227.25$153.00
HOA / mo$192.00$192.00$192.00
Total monthly$2,767.05$6,337.73$6,566.70
Cash to close$637,880$85,000$85,000