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$177,949$177,949$323,910
Remaining term (yrs)19.519.530.0
Secondary amount$0$145,961$0
Funding fee$0$0$0
Note rate3.710%3.710%7.320%
Blended rate4.560%6.110%7.560%
1st payment$1,063.38$1,063.38$2,225.04
2nd payment$0.00$973.07$0.00
Taxes / mo$284.75$284.75$284.75
Insurance / mo$150.00$150.00$150.00
MI / mo$163.44$163.44$64.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,661.57$2,634.64$2,724.57
Cash to close$181,951$35,990$35,990