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$152,877$152,877$386,910
Remaining term (yrs)18.918.930.0
Secondary amount$0$234,033$0
Funding fee$0$0$0
Note rate3.940%3.940%7.320%
Blended rate4.790%6.580%7.560%
1st payment$950.76$950.76$2,657.80
2nd payment$0.00$1,511.46$0.00
Taxes / mo$126.03$126.03$126.03
Insurance / mo$150.00$150.00$150.00
MI / mo$142.09$142.09$77.38
HOA / mo$0.00$0.00$0.00
Total monthly$1,368.89$2,880.35$3,011.22
Cash to close$277,023$42,990$42,990