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$148,059$148,059$899,999
Remaining term (yrs)25.625.630.0
Secondary amount$0$751,940$0
Funding fee$0$0$0
Note rate3.450%3.450%7.400%
Blended rate4.300%7.182%7.640%
1st payment$723.74$723.74$6,231.41
2nd payment$0.00$4,856.28$0.00
Taxes / mo$833.33$833.33$833.33
Insurance / mo$216.67$216.67$216.67
MI / mo$114.88$114.88$180.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,888.62$6,744.90$7,461.41
Cash to close$851,940$100,000$100,000