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$190,065$190,065$450,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$259,935$0
Funding fee$0$0$0
Note rate3.490%3.490%7.400%
Blended rate4.340%6.310%7.640%
1st payment$986.41$986.41$3,115.71
2nd payment$0.00$1,678.75$0.00
Taxes / mo$246.92$246.92$246.92
Insurance / mo$166.67$166.67$166.67
MI / mo$155.79$155.79$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,555.79$3,234.53$3,619.29
Cash to close$309,935$50,000$50,000