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$198,867$198,867$409,410
Remaining term (yrs)19.119.130.0
Secondary amount$0$210,543$0
Funding fee$0$0$0
Note rate3.910%3.910%7.320%
Blended rate4.760%6.298%7.560%
1st payment$1,226.49$1,226.49$2,812.36
2nd payment$0.00$1,359.76$0.00
Taxes / mo$383.58$383.58$383.58
Insurance / mo$166.67$166.67$166.67
MI / mo$183.97$183.97$81.88
HOA / mo$305.00$305.00$305.00
Total monthly$2,265.70$3,625.46$3,749.49
Cash to close$256,033$45,490$45,490