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$171,477$171,477$337,500
Remaining term (yrs)20.820.830.0
Secondary amount$0$166,023$0
Funding fee$0$0$0
Note rate3.900%3.900%7.320%
Blended rate4.750%6.349%7.560%
1st payment$1,000.35$1,000.35$2,318.39
2nd payment$0.00$1,106.82$0.00
Taxes / mo$285.25$285.25$285.25
Insurance / mo$150.00$150.00$150.00
MI / mo$150.23$150.23$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,585.83$2,692.64$2,821.14
Cash to close$203,523$37,500$37,500