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$210,604$210,604$449,100
Remaining term (yrs)20.920.930.0
Secondary amount$0$238,496$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.343%7.640%
1st payment$1,222.32$1,222.32$3,109.48
2nd payment$0.00$1,540.28$0.00
Taxes / mo$604.67$604.67$604.67
Insurance / mo$166.67$166.67$166.67
MI / mo$183.56$183.56$89.82
HOA / mo$87.00$87.00$87.00
Total monthly$2,264.22$3,804.50$4,057.63
Cash to close$288,396$49,900$49,900