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$176,998$176,998$396,000
Remaining term (yrs)15.515.530.0
Secondary amount$0$219,002$0
Funding fee$0$0$0
Note rate3.830%3.830%7.400%
Blended rate4.680%6.378%7.640%
1st payment$1,253.48$1,253.48$2,741.82
2nd payment$0.00$1,414.39$0.00
Taxes / mo$88.82$88.82$88.82
Insurance / mo$150.00$150.00$150.00
MI / mo$189.85$189.85$79.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,682.15$3,096.54$3,059.84
Cash to close$263,002$44,000$44,000