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$153,022$153,022$472,500
Remaining term (yrs)16.916.930.0
Secondary amount$0$319,478$0
Funding fee$0$0$0
Note rate3.240%3.240%7.400%
Blended rate4.090%6.565%7.640%
1st payment$976.55$976.55$3,271.49
2nd payment$0.00$2,063.29$0.00
Taxes / mo$121.92$121.92$121.92
Insurance / mo$166.67$166.67$166.67
MI / mo$134.47$134.47$94.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,399.60$3,462.89$3,654.58
Cash to close$371,978$52,500$52,500