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$207,292$207,292$423,000
Remaining term (yrs)18.618.630.0
Secondary amount$0$215,708$0
Funding fee$0$0$0
Note rate3.800%3.800%7.400%
Blended rate4.650%6.231%7.640%
1st payment$1,289.56$1,289.56$2,928.77
2nd payment$0.00$1,393.11$0.00
Taxes / mo$412.92$412.92$412.92
Insurance / mo$166.67$166.67$166.67
MI / mo$196.03$196.03$84.60
HOA / mo$16.67$16.67$16.67
Total monthly$2,081.85$3,474.96$3,609.62
Cash to close$262,708$47,000$47,000