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$114,870$114,870$400,500
Remaining term (yrs)16.416.430.0
Secondary amount$0$285,630$0
Funding fee$0$0$0
Note rate3.530%3.530%7.400%
Blended rate4.380%6.783%7.640%
1st payment$763.41$763.41$2,772.98
2nd payment$0.00$1,844.69$0.00
Taxes / mo$228.33$228.33$228.33
Insurance / mo$150.00$150.00$150.00
MI / mo$119.97$119.97$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,261.72$3,106.41$3,231.41
Cash to close$330,130$44,500$44,500