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$143,206$143,206$431,010
Remaining term (yrs)16.016.030.0
Secondary amount$0$287,804$0
Funding fee$0$0$0
Note rate3.250%3.250%7.400%
Blended rate4.100%6.537%7.640%
1st payment$949.98$949.98$2,984.23
2nd payment$0.00$1,858.73$0.00
Taxes / mo$356.33$356.33$356.33
Insurance / mo$166.67$166.67$166.67
MI / mo$154.62$154.62$86.20
HOA / mo$132.00$132.00$132.00
Total monthly$1,759.60$3,618.33$3,725.43
Cash to close$335,694$47,890$47,890