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$186,769$186,769$359,999
Remaining term (yrs)21.121.130.0
Secondary amount$0$173,230$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.314%7.640%
1st payment$1,078.50$1,078.50$2,492.56
2nd payment$0.00$1,154.87$0.00
Taxes / mo$333.33$333.33$333.33
Insurance / mo$150.00$150.00$150.00
MI / mo$161.96$161.96$72.00
HOA / mo$300.00$300.00$300.00
Total monthly$2,023.79$3,178.66$3,347.89
Cash to close$213,230$40,000$40,000