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$181,636$181,636$432,000
Remaining term (yrs)16.616.630.0
Secondary amount$0$250,364$0
Funding fee$0$0$0
Note rate3.350%3.350%7.400%
Blended rate4.200%6.257%7.640%
1st payment$1,182.01$1,182.01$2,991.08
2nd payment$0.00$1,616.93$0.00
Taxes / mo$386.17$386.17$386.17
Insurance / mo$166.67$166.67$166.67
MI / mo$189.98$189.98$86.40
HOA / mo$40.00$40.00$40.00
Total monthly$1,964.82$3,581.76$3,670.31
Cash to close$298,364$48,000$48,000