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$120,448$120,448$405,000
Remaining term (yrs)15.815.830.0
Secondary amount$0$284,552$0
Funding fee$0$0$0
Note rate3.620%3.620%7.320%
Blended rate4.470%6.775%7.560%
1st payment$830.57$830.57$2,782.07
2nd payment$0.00$1,837.73$0.00
Taxes / mo$370.25$370.25$370.25
Insurance / mo$150.00$150.00$150.00
MI / mo$129.08$129.08$81.00
HOA / mo$33.00$33.00$33.00
Total monthly$1,512.90$3,350.63$3,416.32
Cash to close$329,552$45,000$45,000