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$218,958$218,958$493,830
Remaining term (yrs)18.518.530.0
Secondary amount$0$274,872$0
Funding fee$0$0$0
Note rate3.860%3.860%7.400%
Blended rate4.710%6.402%7.640%
1st payment$1,373.08$1,373.08$3,419.18
2nd payment$0.00$1,775.22$0.00
Taxes / mo$431.00$431.00$431.00
Insurance / mo$166.67$166.67$166.67
MI / mo$207.21$207.21$98.77
HOA / mo$85.00$85.00$85.00
Total monthly$2,262.96$4,038.17$4,200.61
Cash to close$329,742$54,870$54,870