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$186,443$186,443$359,910
Remaining term (yrs)23.323.330.0
Secondary amount$0$173,467$0
Funding fee$0$0$0
Note rate3.600%3.600%7.320%
Blended rate4.450%6.161%7.560%
1st payment$980.72$980.72$2,472.33
2nd payment$0.00$1,156.45$0.00
Taxes / mo$103.75$103.75$103.75
Insurance / mo$150.00$150.00$150.00
MI / mo$152.79$152.79$71.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,387.26$2,543.71$2,798.06
Cash to close$213,457$39,990$39,990