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$211,215$211,215$494,910
Remaining term (yrs)19.419.430.0
Secondary amount$0$283,695$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.363%7.640%
1st payment$1,259.27$1,259.27$3,426.66
2nd payment$0.00$1,832.20$0.00
Taxes / mo$316.83$316.83$316.83
Insurance / mo$166.67$166.67$166.67
MI / mo$194.99$194.99$98.98
HOA / mo$130.00$130.00$130.00
Total monthly$2,067.75$3,899.95$4,139.14
Cash to close$338,685$54,990$54,990