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$142,670$142,670$307,800
Remaining term (yrs)20.720.730.0
Secondary amount$0$165,130$0
Funding fee$0$0$0
Note rate3.950%3.950%7.400%
Blended rate4.800%6.517%7.640%
1st payment$838.23$838.23$2,131.15
2nd payment$0.00$1,100.87$0.00
Taxes / mo$249.25$249.25$249.25
Insurance / mo$150.00$150.00$150.00
MI / mo$125.12$125.12$61.56
HOA / mo$298.00$298.00$298.00
Total monthly$1,660.60$2,761.46$2,889.96
Cash to close$199,330$34,200$34,200