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$175,938$175,938$661,499
Remaining term (yrs)16.016.030.0
Secondary amount$0$485,562$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%6.859%7.640%
1st payment$1,193.20$1,193.20$4,580.09
2nd payment$0.00$3,135.92$0.00
Taxes / mo$612.50$612.50$612.50
Insurance / mo$216.67$216.67$216.67
MI / mo$187.05$187.05$132.30
HOA / mo$0.00$0.00$0.00
Total monthly$2,209.42$5,345.33$5,541.55
Cash to close$559,061$73,500$73,500