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$180,979$180,979$495,000
Remaining term (yrs)19.519.530.0
Secondary amount$0$314,021$0
Funding fee$0$0$0
Note rate3.710%3.710%7.400%
Blended rate4.560%6.584%7.640%
1st payment$1,081.48$1,081.48$3,427.28
2nd payment$0.00$2,028.05$0.00
Taxes / mo$564.83$564.83$564.83
Insurance / mo$166.67$166.67$166.67
MI / mo$166.23$166.23$99.00
HOA / mo$56.75$56.75$56.75
Total monthly$2,035.95$4,064.01$4,314.53
Cash to close$369,021$55,000$55,000