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$187,145$187,145$503,910
Remaining term (yrs)18.918.930.0
Secondary amount$0$316,765$0
Funding fee$0$0$0
Note rate3.840%3.840%7.320%
Blended rate4.690%6.614%7.560%
1st payment$1,154.15$1,154.15$3,461.51
2nd payment$0.00$2,045.78$0.00
Taxes / mo$466.58$466.58$466.58
Insurance / mo$166.67$166.67$166.67
MI / mo$174.60$174.60$100.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,962.00$4,007.78$4,195.54
Cash to close$372,755$55,990$55,990