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$175,849$175,849$356,400
Remaining term (yrs)21.121.130.0
Secondary amount$0$180,551$0
Funding fee$0$0$0
Note rate3.940%3.940%7.320%
Blended rate4.790%6.416%7.560%
1st payment$1,019.18$1,019.18$2,448.22
2nd payment$0.00$1,203.68$0.00
Taxes / mo$208.58$208.58$208.58
Insurance / mo$150.00$150.00$150.00
MI / mo$152.32$152.32$71.28
HOA / mo$32.00$32.00$32.00
Total monthly$1,562.07$2,765.75$2,910.08
Cash to close$220,151$39,600$39,600