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$175,735$175,735$602,100
Remaining term (yrs)16.116.130.0
Secondary amount$0$426,365$0
Funding fee$0$0$0
Note rate3.370%3.370%7.400%
Blended rate4.220%6.720%7.640%
1st payment$1,171.61$1,171.61$4,168.82
2nd payment$0.00$2,753.61$0.00
Taxes / mo$270.83$270.83$270.83
Insurance / mo$166.67$166.67$166.67
MI / mo$187.84$187.84$120.42
HOA / mo$45.00$45.00$45.00
Total monthly$1,841.95$4,595.55$4,771.74
Cash to close$493,265$66,900$66,900