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$175,313$175,313$351,000
Remaining term (yrs)18.918.930.0
Secondary amount$0$175,687$0
Funding fee$0$0$0
Note rate3.870%3.870%7.320%
Blended rate4.720%6.362%7.560%
1st payment$1,083.91$1,083.91$2,411.13
2nd payment$0.00$1,171.25$0.00
Taxes / mo$350.75$350.75$350.75
Insurance / mo$150.00$150.00$150.00
MI / mo$163.37$163.37$70.20
HOA / mo$0.00$0.00$0.00
Total monthly$1,748.04$2,919.28$2,982.08
Cash to close$214,687$39,000$39,000