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$188,285$188,285$418,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$230,215$0
Funding fee$0$0$0
Note rate3.470%3.470%7.320%
Blended rate4.320%6.207%7.560%
1st payment$975.18$975.18$2,874.80
2nd payment$0.00$1,486.81$0.00
Taxes / mo$323.50$323.50$323.50
Insurance / mo$166.67$166.67$166.67
MI / mo$154.40$154.40$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,619.74$3,106.55$3,448.67
Cash to close$276,715$46,500$46,500