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$173,542$173,542$427,500
Remaining term (yrs)22.822.830.0
Secondary amount$0$253,958$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%6.463%7.640%
1st payment$939.66$939.66$2,959.92
2nd payment$0.00$1,640.15$0.00
Taxes / mo$312.67$312.67$312.67
Insurance / mo$166.67$166.67$166.67
MI / mo$144.07$144.07$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,563.07$3,203.22$3,524.76
Cash to close$301,458$47,500$47,500