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$188,277$188,277$719,100
Remaining term (yrs)16.216.230.0
Secondary amount$0$530,823$0
Funding fee$0$0$0
Note rate3.310%3.310%7.400%
Blended rate4.160%6.810%7.640%
1st payment$1,244.84$1,244.84$4,978.90
2nd payment$0.00$3,428.23$0.00
Taxes / mo$665.83$665.83$665.83
Insurance / mo$216.67$216.67$216.67
MI / mo$201.08$201.08$143.82
HOA / mo$75.00$75.00$75.00
Total monthly$2,403.42$5,831.65$6,080.22
Cash to close$610,723$79,900$79,900