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$170,683$170,683$494,910
Remaining term (yrs)20.820.830.0
Secondary amount$0$324,227$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.715%7.640%
1st payment$995.72$995.72$3,426.66
2nd payment$0.00$2,093.97$0.00
Taxes / mo$86.75$86.75$86.75
Insurance / mo$166.67$166.67$166.67
MI / mo$149.53$149.53$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,398.66$3,492.63$3,779.05
Cash to close$379,217$54,990$54,990