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$172,637$172,637$359,100
Remaining term (yrs)21.021.030.0
Secondary amount$0$186,463$0
Funding fee$0$0$0
Note rate3.780%3.780%7.400%
Blended rate4.630%6.380%7.640%
1st payment$988.47$988.47$2,486.34
2nd payment$0.00$1,243.08$0.00
Taxes / mo$656.17$656.17$656.17
Insurance / mo$150.00$150.00$150.00
MI / mo$150.63$150.63$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,945.27$3,188.35$3,364.32
Cash to close$226,363$39,900$39,900