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$184,136$184,136$445,500
Remaining term (yrs)19.819.830.0
Secondary amount$0$261,364$0
Funding fee$0$0$0
Note rate3.430%3.430%7.400%
Blended rate4.280%6.316%7.640%
1st payment$1,064.40$1,064.40$3,084.55
2nd payment$0.00$1,687.97$0.00
Taxes / mo$412.50$412.50$412.50
Insurance / mo$166.67$166.67$166.67
MI / mo$169.37$169.37$89.10
HOA / mo$65.00$65.00$65.00
Total monthly$1,877.94$3,565.91$3,817.82
Cash to close$310,864$49,500$49,500