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$174,292$174,292$360,000
Remaining term (yrs)19.919.930.0
Secondary amount$0$185,708$0
Funding fee$0$0$0
Note rate3.410%3.410%7.400%
Blended rate4.260%6.189%7.640%
1st payment$1,002.78$1,002.78$2,492.57
2nd payment$0.00$1,238.05$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$72.00
HOA / mo$557.00$557.00$557.00
Total monthly$2,203.08$3,441.13$3,604.90
Cash to close$225,708$40,000$40,000