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$199,006$199,006$414,000
Remaining term (yrs)20.920.930.0
Secondary amount$0$214,994$0
Funding fee$0$0$0
Note rate3.820%3.820%7.240%
Blended rate4.670%6.269%7.480%
1st payment$1,146.59$1,146.59$2,821.40
2nd payment$0.00$1,388.50$0.00
Taxes / mo$383.33$383.33$383.33
Insurance / mo$166.67$166.67$166.67
MI / mo$173.88$173.88$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,870.46$3,258.97$3,454.20
Cash to close$260,994$46,000$46,000