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$186,014$186,014$607,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$421,486$0
Funding fee$0$0$0
Note rate3.090%3.090%7.320%
Blended rate3.940%6.583%7.560%
1st payment$883.06$883.06$4,173.10
2nd payment$0.00$2,722.10$0.00
Taxes / mo$562.50$562.50$562.50
Insurance / mo$166.67$166.67$166.67
MI / mo$146.67$146.67$121.50
HOA / mo$160.00$160.00$160.00
Total monthly$1,918.90$4,640.99$5,183.77
Cash to close$488,986$67,500$67,500