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$157,476$157,476$449,549
Remaining term (yrs)19.819.830.0
Secondary amount$0$292,073$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%6.594%7.640%
1st payment$924.04$924.04$3,112.59
2nd payment$0.00$1,886.31$0.00
Taxes / mo$290.08$290.08$290.08
Insurance / mo$166.67$166.67$166.67
MI / mo$143.97$143.97$89.91
HOA / mo$0.00$0.00$0.00
Total monthly$1,524.76$3,411.07$3,659.25
Cash to close$342,023$49,950$49,950