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$179,411$179,411$350,111
Remaining term (yrs)21.121.130.0
Secondary amount$0$170,700$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate4.350%6.130%7.560%
1st payment$998.33$998.33$2,405.02
2nd payment$0.00$1,138.00$0.00
Taxes / mo$311.42$311.42$311.42
Insurance / mo$150.00$150.00$150.00
MI / mo$157.48$157.48$70.02
HOA / mo$37.25$37.25$37.25
Total monthly$1,654.48$2,792.48$2,973.71
Cash to close$209,601$38,901$38,901