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$181,046$181,046$399,510
Remaining term (yrs)18.718.730.0
Secondary amount$0$218,464$0
Funding fee$0$0$0
Note rate3.850%3.850%7.320%
Blended rate4.700%6.368%7.560%
1st payment$1,127.54$1,127.54$2,744.36
2nd payment$0.00$1,410.91$0.00
Taxes / mo$286.00$286.00$286.00
Insurance / mo$150.00$150.00$150.00
MI / mo$170.36$170.36$79.90
HOA / mo$0.00$0.00$0.00
Total monthly$1,733.90$3,144.82$3,260.26
Cash to close$262,854$44,390$44,390