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$176,355$176,355$355,500
Remaining term (yrs)22.022.030.0
Secondary amount$0$179,145$0
Funding fee$0$0$0
Note rate3.490%3.490%7.320%
Blended rate4.340%6.184%7.560%
1st payment$953.09$953.09$2,442.04
2nd payment$0.00$1,194.30$0.00
Taxes / mo$124.17$124.17$124.17
Insurance / mo$150.00$150.00$150.00
MI / mo$147.64$147.64$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,374.90$2,569.20$2,787.31
Cash to close$218,645$39,500$39,500