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$161,372$161,372$503,100
Remaining term (yrs)23.023.030.0
Secondary amount$0$341,728$0
Funding fee$0$0$0
Note rate3.640%3.640%7.320%
Blended rate4.490%6.704%7.560%
1st payment$860.05$860.05$3,455.95
2nd payment$0.00$2,207.00$0.00
Taxes / mo$465.83$465.83$465.83
Insurance / mo$166.67$166.67$166.67
MI / mo$133.33$133.33$100.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,625.88$3,832.88$4,189.07
Cash to close$397,628$55,900$55,900