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$206,356$206,356$594,900
Remaining term (yrs)19.819.830.0
Secondary amount$0$388,544$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%6.650%7.640%
1st payment$1,224.75$1,224.75$4,118.97
2nd payment$0.00$2,509.35$0.00
Taxes / mo$550.83$550.83$550.83
Insurance / mo$166.67$166.67$166.67
MI / mo$187.79$187.79$118.98
HOA / mo$0.00$0.00$0.00
Total monthly$2,130.04$4,639.39$4,955.45
Cash to close$454,644$66,100$66,100