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$177,545$177,545$449,100
Remaining term (yrs)23.423.430.0
Secondary amount$0$271,555$0
Funding fee$0$0$0
Note rate3.330%3.330%7.400%
Blended rate4.180%6.339%7.640%
1st payment$906.46$906.46$3,109.48
2nd payment$0.00$1,753.79$0.00
Taxes / mo$334.60$334.60$334.60
Insurance / mo$166.67$166.67$166.67
MI / mo$146.06$146.06$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,553.78$3,307.57$3,700.56
Cash to close$321,455$49,900$49,900