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$193,708$193,708$477,000
Remaining term (yrs)19.519.530.0
Secondary amount$0$283,292$0
Funding fee$0$0$0
Note rate3.620%3.620%7.400%
Blended rate4.470%6.418%7.640%
1st payment$1,148.54$1,148.54$3,302.65
2nd payment$0.00$1,829.59$0.00
Taxes / mo$441.67$441.67$441.67
Insurance / mo$166.67$166.67$166.67
MI / mo$178.50$178.50$95.40
HOA / mo$395.00$395.00$395.00
Total monthly$2,330.37$4,159.97$4,401.38
Cash to close$336,292$53,000$53,000