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$184,514$184,514$404,910
Remaining term (yrs)22.922.930.0
Secondary amount$0$220,396$0
Funding fee$0$0$0
Note rate3.700%3.700%7.320%
Blended rate4.550%6.292%7.560%
1st payment$993.82$993.82$2,781.45
2nd payment$0.00$1,423.39$0.00
Taxes / mo$275.00$275.00$275.00
Insurance / mo$150.00$150.00$150.00
MI / mo$152.94$152.94$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,571.77$2,995.16$3,287.43
Cash to close$265,386$44,990$44,990