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$146,435$146,435$392,310
Remaining term (yrs)18.618.630.0
Secondary amount$0$245,875$0
Funding fee$0$0$0
Note rate3.700%3.700%7.400%
Blended rate4.550%6.556%7.640%
1st payment$903.43$903.43$2,716.28
2nd payment$0.00$1,587.94$0.00
Taxes / mo$363.25$363.25$363.25
Insurance / mo$150.00$150.00$150.00
MI / mo$139.03$139.03$78.46
HOA / mo$871.00$871.00$871.00
Total monthly$2,426.71$4,014.66$4,178.99
Cash to close$289,465$43,590$43,590