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$204,851$204,851$719,999
Remaining term (yrs)19.619.630.0
Secondary amount$0$515,148$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%6.814%7.640%
1st payment$1,210.04$1,210.04$4,985.13
2nd payment$0.00$3,327.00$0.00
Taxes / mo$344.92$344.92$344.92
Insurance / mo$216.67$216.67$216.67
MI / mo$188.29$188.29$144.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,959.91$5,286.91$5,690.71
Cash to close$595,148$80,000$80,000