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$166,870$166,870$409,500
Remaining term (yrs)18.918.930.0
Secondary amount$0$242,630$0
Funding fee$0$0$0
Note rate3.940%3.940%7.400%
Blended rate4.790%6.544%7.640%
1st payment$1,037.79$1,037.79$2,835.30
2nd payment$0.00$1,566.98$0.00
Taxes / mo$161.50$161.50$161.50
Insurance / mo$166.67$166.67$166.67
MI / mo$155.10$155.10$81.90
HOA / mo$12.00$12.00$12.00
Total monthly$1,533.05$3,100.03$3,257.36
Cash to close$288,130$45,500$45,500