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$195,009$195,009$458,991
Remaining term (yrs)20.820.830.0
Secondary amount$0$263,982$0
Funding fee$0$0$0
Note rate3.130%3.130%7.400%
Blended rate3.980%6.148%7.640%
1st payment$1,059.78$1,059.78$3,177.96
2nd payment$0.00$1,704.89$0.00
Taxes / mo$322.83$322.83$322.83
Insurance / mo$166.67$166.67$166.67
MI / mo$164.05$164.05$91.80
HOA / mo$104.00$104.00$104.00
Total monthly$1,817.33$3,522.22$3,863.26
Cash to close$314,981$50,999$50,999