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$150,508$150,508$449,100
Remaining term (yrs)15.515.530.0
Secondary amount$0$298,592$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.745%7.640%
1st payment$1,071.16$1,071.16$3,109.48
2nd payment$0.00$1,928.41$0.00
Taxes / mo$576.93$576.93$576.93
Insurance / mo$166.67$166.67$166.67
MI / mo$160.86$160.86$89.82
HOA / mo$10.42$10.42$10.42
Total monthly$1,986.04$3,914.45$3,953.31
Cash to close$348,492$49,900$49,900