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$176,200$176,200$476,100
Remaining term (yrs)14.014.030.0
Secondary amount$0$299,900$0
Funding fee$0$0$0
Note rate2.880%2.880%7.320%
Blended rate3.730%6.262%7.560%
1st payment$1,263.48$1,263.48$3,270.48
2nd payment$0.00$1,936.85$0.00
Taxes / mo$239.17$239.17$239.17
Insurance / mo$166.67$166.67$166.67
MI / mo$157.01$157.01$95.22
HOA / mo$34.33$34.33$34.33
Total monthly$1,860.65$3,797.50$3,805.86
Cash to close$352,800$52,900$52,900