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$142,034$142,034$333,000
Remaining term (yrs)15.715.730.0
Secondary amount$0$190,966$0
Funding fee$0$0$0
Note rate3.840%3.840%7.320%
Blended rate4.690%6.588%7.560%
1st payment$998.85$998.85$2,287.48
2nd payment$0.00$1,273.11$0.00
Taxes / mo$60.20$60.20$60.20
Insurance / mo$150.00$150.00$150.00
MI / mo$151.10$151.10$66.60
HOA / mo$4.17$4.17$4.17
Total monthly$1,364.32$2,637.43$2,568.45
Cash to close$227,966$37,000$37,000