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$209,550$209,550$526,500
Remaining term (yrs)19.119.130.0
Secondary amount$0$316,950$0
Funding fee$0$0$0
Note rate3.980%3.980%7.320%
Blended rate4.830%6.588%7.560%
1st payment$1,300.03$1,300.03$3,616.69
2nd payment$0.00$2,046.97$0.00
Taxes / mo$186.50$186.50$186.50
Insurance / mo$166.67$166.67$166.67
MI / mo$193.35$193.35$105.30
HOA / mo$0.00$0.00$0.00
Total monthly$1,846.54$3,893.51$4,075.16
Cash to close$375,450$58,500$58,500