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$159,008$159,008$386,100
Remaining term (yrs)23.223.230.0
Secondary amount$0$227,092$0
Funding fee$0$0$0
Note rate3.650%3.650%7.400%
Blended rate4.500%6.412%7.640%
1st payment$844.44$844.44$2,673.28
2nd payment$0.00$1,466.63$0.00
Taxes / mo$338.57$338.57$338.57
Insurance / mo$150.00$150.00$150.00
MI / mo$130.75$130.75$77.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,463.77$2,930.40$3,239.07
Cash to close$269,992$42,900$42,900