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$183,891$183,891$468,000
Remaining term (yrs)20.020.030.0
Secondary amount$0$284,109$0
Funding fee$0$0$0
Note rate3.560%3.560%7.400%
Blended rate4.410%6.438%7.640%
1st payment$1,066.10$1,066.10$3,240.34
2nd payment$0.00$1,834.87$0.00
Taxes / mo$433.33$433.33$433.33
Insurance / mo$166.67$166.67$166.67
MI / mo$166.92$166.92$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,833.02$3,667.88$3,933.94
Cash to close$336,109$52,000$52,000