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$184,088$184,088$494,910
Remaining term (yrs)16.116.130.0
Secondary amount$0$310,822$0
Funding fee$0$0$0
Note rate3.380%3.380%7.400%
Blended rate4.230%6.441%7.640%
1st payment$1,228.21$1,228.21$3,426.66
2nd payment$0.00$2,007.39$0.00
Taxes / mo$339.67$339.67$339.67
Insurance / mo$166.67$166.67$166.67
MI / mo$196.66$196.66$98.98
HOA / mo$33.00$33.00$33.00
Total monthly$1,964.20$3,971.60$4,064.97
Cash to close$365,812$54,990$54,990