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$180,081$180,081$359,100
Remaining term (yrs)22.922.930.0
Secondary amount$0$179,019$0
Funding fee$0$0$0
Note rate3.490%3.490%7.400%
Blended rate4.340%6.165%7.640%
1st payment$947.66$947.66$2,486.34
2nd payment$0.00$1,193.46$0.00
Taxes / mo$194.50$194.50$194.50
Insurance / mo$150.00$150.00$150.00
MI / mo$149.67$149.67$71.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,441.83$2,635.29$2,902.66
Cash to close$218,919$39,900$39,900