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$196,996$196,996$436,500
Remaining term (yrs)21.121.130.0
Secondary amount$0$239,504$0
Funding fee$0$0$0
Note rate3.940%3.940%7.400%
Blended rate4.790%6.414%7.640%
1st payment$1,141.74$1,141.74$3,022.24
2nd payment$0.00$1,546.79$0.00
Taxes / mo$261.17$261.17$261.17
Insurance / mo$166.67$166.67$166.67
MI / mo$170.63$170.63$87.30
HOA / mo$126.00$126.00$126.00
Total monthly$1,866.21$3,413.00$3,663.37
Cash to close$288,004$48,500$48,500