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$164,934$164,934$517,410
Remaining term (yrs)16.216.230.0
Secondary amount$0$352,476$0
Funding fee$0$0$0
Note rate3.400%3.400%7.400%
Blended rate4.250%6.634%7.640%
1st payment$1,097.83$1,097.83$3,582.44
2nd payment$0.00$2,276.41$0.00
Taxes / mo$510.08$510.08$510.08
Insurance / mo$166.67$166.67$166.67
MI / mo$175.35$175.35$103.48
HOA / mo$16.25$16.25$16.25
Total monthly$1,966.18$4,242.59$4,378.92
Cash to close$409,966$57,490$57,490