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$201,132$201,132$477,000
Remaining term (yrs)19.419.430.0
Secondary amount$0$275,868$0
Funding fee$0$0$0
Note rate3.960%3.960%7.320%
Blended rate4.810%6.510%7.560%
1st payment$1,235.05$1,235.05$3,276.66
2nd payment$0.00$1,781.65$0.00
Taxes / mo$736.83$736.83$736.83
Insurance / mo$166.67$166.67$166.67
MI / mo$184.13$184.13$95.40
HOA / mo$46.67$46.67$46.67
Total monthly$2,369.35$4,151.00$4,322.23
Cash to close$328,868$53,000$53,000