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$174,794$174,794$427,500
Remaining term (yrs)18.418.430.0
Secondary amount$0$252,706$0
Funding fee$0$0$0
Note rate3.710%3.710%7.320%
Blended rate4.560%6.446%7.560%
1st payment$1,086.00$1,086.00$2,936.63
2nd payment$0.00$1,632.06$0.00
Taxes / mo$247.67$247.67$247.67
Insurance / mo$166.67$166.67$166.67
MI / mo$166.92$166.92$85.50
HOA / mo$21.58$21.58$21.58
Total monthly$1,688.84$3,320.89$3,458.04
Cash to close$300,206$47,500$47,500