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$160,189$160,189$494,910
Remaining term (yrs)16.516.530.0
Secondary amount$0$334,721$0
Funding fee$0$0$0
Note rate3.250%3.250%7.400%
Blended rate4.100%6.569%7.640%
1st payment$1,038.42$1,038.42$3,426.66
2nd payment$0.00$2,161.74$0.00
Taxes / mo$402.42$402.42$402.42
Insurance / mo$166.67$166.67$166.67
MI / mo$169.01$169.01$98.98
HOA / mo$48.33$48.33$48.33
Total monthly$1,824.84$3,986.58$4,143.05
Cash to close$389,711$54,990$54,990