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$175,418$175,418$416,250
Remaining term (yrs)23.123.130.0
Secondary amount$0$240,832$0
Funding fee$0$0$0
Note rate3.780%3.780%7.320%
Blended rate4.630%6.435%7.560%
1st payment$945.91$945.91$2,859.35
2nd payment$0.00$1,555.37$0.00
Taxes / mo$167.00$167.00$167.00
Insurance / mo$166.67$166.67$166.67
MI / mo$144.15$144.15$83.25
HOA / mo$0.00$0.00$0.00
Total monthly$1,423.72$2,979.09$3,276.27
Cash to close$287,082$46,250$46,250