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$208,585$208,585$405,000
Remaining term (yrs)21.121.130.0
Secondary amount$0$196,415$0
Funding fee$0$0$0
Note rate3.910%3.910%7.320%
Blended rate4.760%6.331%7.560%
1st payment$1,205.58$1,205.58$2,782.07
2nd payment$0.00$1,309.43$0.00
Taxes / mo$199.17$199.17$199.17
Insurance / mo$150.00$150.00$150.00
MI / mo$180.83$180.83$81.00
HOA / mo$33.67$33.67$33.67
Total monthly$1,769.25$3,078.68$3,245.91
Cash to close$241,415$45,000$45,000