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$169,016$169,016$391,410
Remaining term (yrs)18.618.630.0
Secondary amount$0$222,394$0
Funding fee$0$0$0
Note rate3.670%3.670%7.400%
Blended rate4.520%6.355%7.640%
1st payment$1,040.15$1,040.15$2,710.04
2nd payment$0.00$1,436.29$0.00
Taxes / mo$215.67$215.67$215.67
Insurance / mo$150.00$150.00$150.00
MI / mo$160.66$160.66$78.28
HOA / mo$20.00$20.00$20.00
Total monthly$1,586.48$3,022.77$3,173.99
Cash to close$265,884$43,490$43,490