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$165,823$165,823$427,500
Remaining term (yrs)24.524.530.0
Secondary amount$0$261,677$0
Funding fee$0$0$0
Note rate3.020%3.020%7.400%
Blended rate3.870%6.245%7.640%
1st payment$795.22$795.22$2,959.92
2nd payment$0.00$1,690.00$0.00
Taxes / mo$275.71$275.71$275.71
Insurance / mo$166.67$166.67$166.67
MI / mo$133.26$133.26$85.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,370.85$3,060.85$3,487.80
Cash to close$309,177$47,500$47,500