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$173,218$173,218$359,910
Remaining term (yrs)20.920.930.0
Secondary amount$0$186,692$0
Funding fee$0$0$0
Note rate3.920%3.920%7.400%
Blended rate4.770%6.445%7.640%
1st payment$1,009.74$1,009.74$2,491.94
2nd payment$0.00$1,244.61$0.00
Taxes / mo$101.58$101.58$101.58
Insurance / mo$150.00$150.00$150.00
MI / mo$151.27$151.27$71.98
HOA / mo$3.33$3.33$3.33
Total monthly$1,415.93$2,660.54$2,818.84
Cash to close$226,682$39,990$39,990