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$175,410$175,410$296,910
Remaining term (yrs)20.120.130.0
Secondary amount$0$121,500$0
Funding fee$0$0$0
Note rate3.470%3.470%7.400%
Blended rate4.320%5.826%7.640%
1st payment$1,005.92$1,005.92$2,055.74
2nd payment$0.00$810.00$0.00
Taxes / mo$205.50$205.50$205.50
Insurance / mo$150.00$150.00$150.00
MI / mo$159.27$159.27$59.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,520.69$2,330.70$2,470.63
Cash to close$154,490$32,990$32,990