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$172,269$172,269$438,300
Remaining term (yrs)23.323.330.0
Secondary amount$0$266,031$0
Funding fee$0$0$0
Note rate3.720%3.720%7.400%
Blended rate4.570%6.500%7.640%
1st payment$919.25$919.25$3,034.70
2nd payment$0.00$1,718.12$0.00
Taxes / mo$209.92$209.92$209.92
Insurance / mo$166.67$166.67$166.67
MI / mo$141.12$141.12$87.66
HOA / mo$0.00$0.00$0.00
Total monthly$1,436.96$3,155.08$3,498.95
Cash to close$314,731$48,700$48,700