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$199,510$199,510$467,100
Remaining term (yrs)22.922.930.0
Secondary amount$0$267,590$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%6.340%7.640%
1st payment$1,061.52$1,061.52$3,234.11
2nd payment$0.00$1,728.19$0.00
Taxes / mo$432.50$432.50$432.50
Insurance / mo$166.67$166.67$166.67
MI / mo$165.38$165.38$93.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,826.06$3,554.25$3,926.69
Cash to close$319,490$51,900$51,900