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$199,006$199,006$405,000
Remaining term (yrs)20.920.930.0
Secondary amount$0$205,994$0
Funding fee$0$0$0
Note rate3.820%3.820%7.400%
Blended rate4.670%6.237%7.640%
1st payment$1,146.59$1,146.59$2,804.14
2nd payment$0.00$1,330.38$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$173.88$173.88$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,845.46$3,175.84$3,410.14
Cash to close$250,994$45,000$45,000