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$176,874$176,874$553,500
Remaining term (yrs)19.719.730.0
Secondary amount$0$376,626$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%6.695%7.640%
1st payment$1,040.85$1,040.85$3,832.32
2nd payment$0.00$2,432.38$0.00
Taxes / mo$433.92$433.92$433.92
Insurance / mo$166.67$166.67$166.67
MI / mo$162.16$162.16$110.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,803.60$4,235.98$4,543.61
Cash to close$438,126$61,500$61,500