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$0$0$174,600
Remaining term (yrs)——30.0
Secondary amount$0$174,600$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%8.000%7.640%
1st payment$0.00$0.00$1,208.90
2nd payment$0.00$1,164.00$0.00
Taxes / mo$152.25$152.25$152.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$34.92
HOA / mo$335.00$335.00$335.00
Total monthly$637.25$1,801.25$1,881.07
Cash to close$194,000$19,400$19,400