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$168,502$168,502$440,100
Remaining term (yrs)18.518.530.0
Secondary amount$0$271,598$0
Funding fee$0$0$0
Note rate3.780%3.780%7.320%
Blended rate4.630%6.555%7.560%
1st payment$1,049.72$1,049.72$3,023.18
2nd payment$0.00$1,754.07$0.00
Taxes / mo$210.50$210.50$210.50
Insurance / mo$166.67$166.67$166.67
MI / mo$159.97$159.97$88.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,586.85$3,340.92$3,488.37
Cash to close$320,498$48,900$48,900