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$195,740$195,740$477,000
Remaining term (yrs)19.419.430.0
Secondary amount$0$281,260$0
Funding fee$0$0$0
Note rate3.720%3.720%7.400%
Blended rate4.570%6.445%7.640%
1st payment$1,177.49$1,177.49$3,302.65
2nd payment$0.00$1,816.47$0.00
Taxes / mo$180.33$180.33$180.33
Insurance / mo$166.67$166.67$166.67
MI / mo$180.76$180.76$95.40
HOA / mo$0.00$0.00$0.00
Total monthly$1,705.25$3,521.73$3,745.05
Cash to close$334,260$53,000$53,000