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$175,543$175,543$409,500
Remaining term (yrs)15.815.830.0
Secondary amount$0$233,957$0
Funding fee$0$0$0
Note rate3.660%3.660%7.400%
Blended rate4.510%6.361%7.640%
1st payment$1,213.98$1,213.98$2,835.30
2nd payment$0.00$1,510.97$0.00
Taxes / mo$778.75$778.75$778.75
Insurance / mo$166.67$166.67$166.67
MI / mo$187.74$187.74$81.90
HOA / mo$66.67$66.67$66.67
Total monthly$2,413.81$3,924.79$3,929.28
Cash to close$279,457$45,500$45,500