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$164,159$164,159$405,000
Remaining term (yrs)20.020.030.0
Secondary amount$0$240,841$0
Funding fee$0$0$0
Note rate3.460%3.460%7.320%
Blended rate4.310%6.356%7.560%
1st payment$943.25$943.25$2,782.07
2nd payment$0.00$1,555.43$0.00
Taxes / mo$375.00$375.00$375.00
Insurance / mo$150.00$150.00$150.00
MI / mo$149.53$149.53$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,617.78$3,173.21$3,388.07
Cash to close$285,841$45,000$45,000