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$209,264$209,264$431,100
Remaining term (yrs)19.819.830.0
Secondary amount$0$221,836$0
Funding fee$0$0$0
Note rate3.420%3.420%7.320%
Blended rate4.270%6.061%7.560%
1st payment$1,205.06$1,205.06$2,961.36
2nd payment$0.00$1,432.69$0.00
Taxes / mo$388.17$388.17$388.17
Insurance / mo$166.67$166.67$166.67
MI / mo$191.99$191.99$86.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,951.89$3,384.58$3,602.41
Cash to close$269,736$47,900$47,900