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$180,431$180,431$360,000
Remaining term (yrs)25.325.330.0
Secondary amount$0$179,569$0
Funding fee$0$0$0
Note rate3.450%3.450%7.320%
Blended rate4.300%6.146%7.560%
1st payment$887.36$887.36$2,472.95
2nd payment$0.00$1,197.12$0.00
Taxes / mo$344.50$344.50$344.50
Insurance / mo$150.00$150.00$150.00
MI / mo$140.85$140.85$72.00
HOA / mo$215.00$215.00$215.00
Total monthly$1,737.71$2,934.83$3,254.45
Cash to close$219,569$40,000$40,000