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$174,419$174,419$414,000
Remaining term (yrs)20.720.730.0
Secondary amount$0$239,581$0
Funding fee$0$0$0
Note rate3.940%3.940%7.400%
Blended rate4.790%6.503%7.640%
1st payment$1,023.84$1,023.84$2,866.45
2nd payment$0.00$1,547.29$0.00
Taxes / mo$339.42$339.42$339.42
Insurance / mo$166.67$166.67$166.67
MI / mo$153.01$153.01$82.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,682.93$3,230.22$3,455.34
Cash to close$285,581$46,000$46,000