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$179,889$179,889$355,500
Remaining term (yrs)16.016.030.0
Secondary amount$0$175,611$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%6.178%7.640%
1st payment$1,220.00$1,220.00$2,461.41
2nd payment$0.00$1,170.74$0.00
Taxes / mo$279.83$279.83$279.83
Insurance / mo$150.00$150.00$150.00
MI / mo$191.25$191.25$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,841.08$3,011.82$2,962.34
Cash to close$215,111$39,500$39,500