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$206,966$206,966$656,910
Remaining term (yrs)20.920.930.0
Secondary amount$0$449,944$0
Funding fee$0$0$0
Note rate3.820%3.820%7.400%
Blended rate4.670%6.780%7.640%
1st payment$1,192.45$1,192.45$4,548.31
2nd payment$0.00$2,905.89$0.00
Taxes / mo$166.67$166.67$166.67
Insurance / mo$216.67$216.67$216.67
MI / mo$180.83$180.83$131.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,756.61$4,662.50$5,063.03
Cash to close$522,934$72,990$72,990