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$171,421$171,421$329,580
Remaining term (yrs)20.820.830.0
Secondary amount$0$158,159$0
Funding fee$0$0$0
Note rate3.880%3.880%7.400%
Blended rate4.730%6.299%7.640%
1st payment$998.21$998.21$2,281.95
2nd payment$0.00$1,054.40$0.00
Taxes / mo$774.92$774.92$774.92
Insurance / mo$150.00$150.00$150.00
MI / mo$150.27$150.27$65.92
HOA / mo$100.00$100.00$100.00
Total monthly$2,173.39$3,227.79$3,372.78
Cash to close$194,779$36,620$36,620