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$181,181$181,181$382,500
Remaining term (yrs)23.423.430.0
Secondary amount$0$201,319$0
Funding fee$0$0$0
Note rate3.290%3.290%7.400%
Blended rate4.140%6.040%7.640%
1st payment$923.38$923.38$2,648.35
2nd payment$0.00$1,300.18$0.00
Taxes / mo$208.17$208.17$208.17
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$76.50
HOA / mo$66.58$66.58$66.58
Total monthly$1,497.66$2,797.85$3,149.60
Cash to close$243,819$42,500$42,500