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$187,793$187,793$607,500
Remaining term (yrs)20.120.130.0
Secondary amount$0$419,707$0
Funding fee$0$0$0
Note rate3.420%3.420%7.320%
Blended rate4.270%6.674%7.560%
1st payment$1,072.12$1,072.12$4,173.10
2nd payment$0.00$2,710.61$0.00
Taxes / mo$341.83$341.83$341.83
Insurance / mo$166.67$166.67$166.67
MI / mo$170.81$170.81$121.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,751.43$4,462.04$4,803.10
Cash to close$487,207$67,500$67,500