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$194,926$194,926$449,888
Remaining term (yrs)20.720.730.0
Secondary amount$0$254,962$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%6.472%7.640%
1st payment$1,145.24$1,145.24$3,114.93
2nd payment$0.00$1,646.63$0.00
Taxes / mo$416.56$416.56$416.56
Insurance / mo$166.67$166.67$166.67
MI / mo$170.95$170.95$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,899.42$3,546.05$3,788.14
Cash to close$304,949$49,988$49,988