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$137,484$137,484$288,000
Remaining term (yrs)23.423.430.0
Secondary amount$0$150,516$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%6.305%7.640%
1st payment$723.18$723.18$1,994.05
2nd payment$0.00$1,003.44$0.00
Taxes / mo$318.33$318.33$318.33
Insurance / mo$150.00$150.00$150.00
MI / mo$112.67$112.67$57.60
HOA / mo$0.00$0.00$0.00
Total monthly$1,304.19$2,307.63$2,519.99
Cash to close$182,516$32,000$32,000