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$179,194$179,194$503,910
Remaining term (yrs)24.124.130.0
Secondary amount$0$324,716$0
Funding fee$0$0$0
Note rate2.810%2.810%7.320%
Blended rate3.660%6.296%7.560%
1st payment$849.93$849.93$3,461.51
2nd payment$0.00$2,097.12$0.00
Taxes / mo$343.83$343.83$343.83
Insurance / mo$166.67$166.67$166.67
MI / mo$146.33$146.33$100.78
HOA / mo$97.00$97.00$97.00
Total monthly$1,603.76$3,700.89$4,169.79
Cash to close$380,706$55,990$55,990