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$207,516$207,516$899,999
Remaining term (yrs)16.016.030.0
Secondary amount$0$692,483$0
Funding fee$0$0$0
Note rate3.490%3.490%7.400%
Blended rate4.340%6.964%7.640%
1st payment$1,401.18$1,401.18$6,231.41
2nd payment$0.00$4,472.29$0.00
Taxes / mo$182.42$182.42$182.42
Insurance / mo$216.67$216.67$216.67
MI / mo$221.30$221.30$180.00
HOA / mo$0.00$0.00$0.00
Total monthly$2,021.56$6,493.84$6,810.50
Cash to close$792,483$100,000$100,000