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$174,527$174,527$427,410
Remaining term (yrs)15.915.930.0
Secondary amount$0$252,883$0
Funding fee$0$0$0
Note rate3.250%3.250%7.400%
Blended rate4.100%6.260%7.640%
1st payment$1,162.32$1,162.32$2,959.30
2nd payment$0.00$1,633.20$0.00
Taxes / mo$391.33$391.33$391.33
Insurance / mo$166.67$166.67$166.67
MI / mo$189.18$189.18$85.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,909.50$3,542.70$3,602.78
Cash to close$300,373$47,490$47,490