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$193,850$193,850$530,910
Remaining term (yrs)20.420.430.0
Secondary amount$0$337,060$0
Funding fee$0$0$0
Note rate4.090%4.090%7.400%
Blended rate4.940%6.724%7.640%
1st payment$1,165.26$1,165.26$3,675.91
2nd payment$0.00$2,176.85$0.00
Taxes / mo$127.00$127.00$127.00
Insurance / mo$166.67$166.67$166.67
MI / mo$171.02$171.02$106.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,629.95$3,806.80$4,075.76
Cash to close$396,050$58,990$58,990