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$145,919$145,919$333,000
Remaining term (yrs)18.918.930.0
Secondary amount$0$187,081$0
Funding fee$0$0$0
Note rate3.940%3.940%7.400%
Blended rate4.790%6.593%7.640%
1st payment$907.49$907.49$2,305.62
2nd payment$0.00$1,247.21$0.00
Taxes / mo$234.50$234.50$234.50
Insurance / mo$150.00$150.00$150.00
MI / mo$135.62$135.62$66.60
HOA / mo$16.17$16.17$16.17
Total monthly$1,443.78$2,690.99$2,772.89
Cash to close$224,081$37,000$37,000