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$177,367$177,367$449,910
Remaining term (yrs)19.819.830.0
Secondary amount$0$272,543$0
Funding fee$0$0$0
Note rate3.410%3.410%7.320%
Blended rate4.260%6.374%7.560%
1st payment$1,023.45$1,023.45$3,090.57
2nd payment$0.00$1,760.17$0.00
Taxes / mo$360.92$360.92$360.92
Insurance / mo$166.67$166.67$166.67
MI / mo$163.26$163.26$89.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,714.30$3,474.47$3,708.13
Cash to close$322,533$49,990$49,990