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$73,111$73,111$359,550
Remaining term (yrs)16.016.030.0
Secondary amount$0$286,439$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%7.069%7.640%
1st payment$495.83$495.83$2,489.45
2nd payment$0.00$1,849.92$0.00
Taxes / mo$136.00$136.00$136.00
Insurance / mo$150.00$150.00$150.00
MI / mo$77.73$77.73$71.91
HOA / mo$13.42$13.42$13.42
Total monthly$872.98$2,722.90$2,860.78
Cash to close$326,389$39,950$39,950