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$166,472$166,472$348,210
Remaining term (yrs)20.020.030.0
Secondary amount$0$181,738$0
Funding fee$0$0$0
Note rate3.480%3.480%7.320%
Blended rate4.330%6.245%7.560%
1st payment$958.25$958.25$2,391.96
2nd payment$0.00$1,211.59$0.00
Taxes / mo$288.83$288.83$288.83
Insurance / mo$150.00$150.00$150.00
MI / mo$151.53$151.53$69.64
HOA / mo$75.00$75.00$75.00
Total monthly$1,623.61$2,835.20$2,975.44
Cash to close$220,428$38,690$38,690