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$143,810$143,810$382,500
Remaining term (yrs)18.918.930.0
Secondary amount$0$238,690$0
Funding fee$0$0$0
Note rate3.970%3.970%7.320%
Blended rate4.820%6.648%7.560%
1st payment$899.25$899.25$2,627.51
2nd payment$0.00$1,541.54$0.00
Taxes / mo$305.25$305.25$305.25
Insurance / mo$150.00$150.00$150.00
MI / mo$133.91$133.91$76.50
HOA / mo$149.00$149.00$149.00
Total monthly$1,637.41$3,178.95$3,308.26
Cash to close$281,190$42,500$42,500