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$196,713$196,713$665,910
Remaining term (yrs)20.020.030.0
Secondary amount$0$469,197$0
Funding fee$0$0$0
Note rate3.420%3.420%7.400%
Blended rate4.270%6.722%7.640%
1st payment$1,126.26$1,126.26$4,610.63
2nd payment$0.00$3,030.23$0.00
Taxes / mo$131.83$131.83$131.83
Insurance / mo$216.67$216.67$216.67
MI / mo$179.44$179.44$133.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,654.20$4,684.43$5,092.31
Cash to close$543,187$73,990$73,990