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$201,729$201,729$486,000
Remaining term (yrs)18.518.530.0
Secondary amount$0$284,271$0
Funding fee$0$0$0
Note rate3.370%3.370%7.320%
Blended rate4.220%6.285%7.560%
1st payment$1,214.56$1,214.56$3,338.48
2nd payment$0.00$1,835.92$0.00
Taxes / mo$427.58$427.58$427.58
Insurance / mo$166.67$166.67$166.67
MI / mo$194.72$194.72$97.20
HOA / mo$0.00$0.00$0.00
Total monthly$2,003.53$3,839.45$4,029.93
Cash to close$338,271$54,000$54,000