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$170,604$170,604$359,100
Remaining term (yrs)19.919.930.0
Secondary amount$0$188,496$0
Funding fee$0$0$0
Note rate3.480%3.480%7.320%
Blended rate4.330%6.256%7.560%
1st payment$987.68$987.68$2,466.77
2nd payment$0.00$1,256.64$0.00
Taxes / mo$332.50$332.50$332.50
Insurance / mo$150.00$150.00$150.00
MI / mo$156.19$156.19$71.82
HOA / mo$513.00$513.00$513.00
Total monthly$2,139.37$3,396.01$3,534.09
Cash to close$228,396$39,900$39,900