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$166,021$166,021$405,000
Remaining term (yrs)19.519.530.0
Secondary amount$0$238,979$0
Funding fee$0$0$0
Note rate3.590%3.590%7.400%
Blended rate4.440%6.393%7.640%
1st payment$981.81$981.81$2,804.14
2nd payment$0.00$1,543.41$0.00
Taxes / mo$289.58$289.58$289.58
Insurance / mo$150.00$150.00$150.00
MI / mo$153.15$153.15$81.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,574.55$3,117.95$3,324.72
Cash to close$283,979$45,000$45,000