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$175,342$175,342$350,910
Remaining term (yrs)20.920.930.0
Secondary amount$0$175,568$0
Funding fee$0$0$0
Note rate3.960%3.960%7.400%
Blended rate4.810%6.406%7.640%
1st payment$1,025.84$1,025.84$2,429.63
2nd payment$0.00$1,170.45$0.00
Taxes / mo$207.94$207.94$207.94
Insurance / mo$150.00$150.00$150.00
MI / mo$152.94$152.94$70.18
HOA / mo$0.00$0.00$0.00
Total monthly$1,536.72$2,707.18$2,857.75
Cash to close$214,558$38,990$38,990