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$199,824$199,824$584,100
Remaining term (yrs)15.815.830.0
Secondary amount$0$384,276$0
Funding fee$0$0$0
Note rate3.660%3.660%7.320%
Blended rate4.510%6.642%7.560%
1st payment$1,381.90$1,381.90$4,012.36
2nd payment$0.00$2,481.78$0.00
Taxes / mo$263.50$263.50$263.50
Insurance / mo$166.67$166.67$166.67
MI / mo$213.71$213.71$116.82
HOA / mo$53.00$53.00$53.00
Total monthly$2,078.78$4,560.56$4,612.35
Cash to close$449,176$64,900$64,900