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$177,422$177,422$528,779
Remaining term (yrs)19.119.130.0
Secondary amount$0$351,357$0
Funding fee$0$0$0
Note rate3.760%3.760%7.320%
Blended rate4.610%6.696%7.560%
1st payment$1,080.41$1,080.41$3,632.34
2nd payment$0.00$2,269.18$0.00
Taxes / mo$489.61$489.61$489.61
Insurance / mo$166.67$166.67$166.67
MI / mo$165.05$165.05$105.76
HOA / mo$0.00$0.00$0.00
Total monthly$1,901.74$4,170.92$4,394.38
Cash to close$410,110$58,753$58,753