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$174,351$174,351$472,500
Remaining term (yrs)19.619.630.0
Secondary amount$0$298,149$0
Funding fee$0$0$0
Note rate3.660%3.660%7.320%
Blended rate4.510%6.554%7.560%
1st payment$1,034.37$1,034.37$3,245.75
2nd payment$0.00$1,925.55$0.00
Taxes / mo$314.42$314.42$314.42
Insurance / mo$166.67$166.67$166.67
MI / mo$159.97$159.97$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,675.42$3,600.97$3,821.33
Cash to close$350,649$52,500$52,500