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$182,128$182,128$396,000
Remaining term (yrs)19.719.730.0
Secondary amount$0$213,872$0
Funding fee$0$0$0
Note rate3.610%3.610%7.400%
Blended rate4.460%6.237%7.640%
1st payment$1,072.71$1,072.71$2,741.82
2nd payment$0.00$1,381.26$0.00
Taxes / mo$324.58$324.58$324.58
Insurance / mo$150.00$150.00$150.00
MI / mo$166.92$166.92$79.20
HOA / mo$65.00$65.00$65.00
Total monthly$1,779.21$3,160.47$3,360.61
Cash to close$257,872$44,000$44,000