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$191,610$191,610$628,200
Remaining term (yrs)16.216.230.0
Secondary amount$0$436,590$0
Funding fee$0$0$0
Note rate3.290%3.290%7.240%
Blended rate4.140%6.649%7.480%
1st payment$1,269.89$1,269.89$4,281.17
2nd payment$0.00$2,819.64$0.00
Taxes / mo$115.67$115.67$115.67
Insurance / mo$166.67$166.67$166.67
MI / mo$183.79$183.79$125.64
HOA / mo$0.00$0.00$0.00
Total monthly$1,736.01$4,555.65$4,689.14
Cash to close$506,390$69,800$69,800