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$185,866$185,866$539,100
Remaining term (yrs)23.123.130.0
Secondary amount$0$353,234$0
Funding fee$0$0$0
Note rate3.700%3.700%7.400%
Blended rate4.550%6.647%7.640%
1st payment$994.28$994.28$3,732.62
2nd payment$0.00$2,281.30$0.00
Taxes / mo$79.08$79.08$79.08
Insurance / mo$166.67$166.67$166.67
MI / mo$153.01$153.01$107.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,393.04$3,674.34$4,086.19
Cash to close$413,134$59,900$59,900