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$177,792$177,792$517,500
Remaining term (yrs)16.016.030.0
Secondary amount$0$339,708$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%6.599%7.640%
1st payment$1,210.40$1,210.40$3,583.07
2nd payment$0.00$2,193.95$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$189.75$189.75$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$2,045.98$4,239.93$4,332.40
Cash to close$397,208$57,500$57,500