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$174,355$174,355$350,910
Remaining term (yrs)19.919.930.0
Secondary amount$0$176,555$0
Funding fee$0$0$0
Note rate3.420%3.420%7.320%
Blended rate4.270%6.147%7.560%
1st payment$1,004.04$1,004.04$2,410.51
2nd payment$0.00$1,177.03$0.00
Taxes / mo$285.08$285.08$285.08
Insurance / mo$150.00$150.00$150.00
MI / mo$159.97$159.97$70.18
HOA / mo$19.17$19.17$19.17
Total monthly$1,618.26$2,795.29$2,934.94
Cash to close$215,545$38,990$38,990