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$174,475$174,475$355,500
Remaining term (yrs)21.221.230.0
Secondary amount$0$181,025$0
Funding fee$0$0$0
Note rate3.900%3.900%7.320%
Blended rate4.750%6.405%7.560%
1st payment$1,004.98$1,004.98$2,442.04
2nd payment$0.00$1,206.83$0.00
Taxes / mo$478.34$478.34$478.34
Insurance / mo$150.00$150.00$150.00
MI / mo$150.92$150.92$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,784.24$2,991.07$3,141.47
Cash to close$220,525$39,500$39,500