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$178,177$178,177$449,100
Remaining term (yrs)16.216.230.0
Secondary amount$0$270,923$0
Funding fee$0$0$0
Note rate3.340%3.340%7.320%
Blended rate4.190%6.338%7.560%
1st payment$1,180.70$1,180.70$3,085.01
2nd payment$0.00$1,749.71$0.00
Taxes / mo$415.83$415.83$415.83
Insurance / mo$166.67$166.67$166.67
MI / mo$190.00$190.00$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,953.20$3,702.91$3,757.33
Cash to close$320,823$49,900$49,900