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$150,555$150,555$494,910
Remaining term (yrs)23.423.430.0
Secondary amount$0$344,355$0
Funding fee$0$0$0
Note rate3.730%3.730%7.400%
Blended rate4.580%6.786%7.640%
1st payment$802.40$802.40$3,426.66
2nd payment$0.00$2,223.96$0.00
Taxes / mo$55.25$55.25$55.25
Insurance / mo$166.67$166.67$166.67
MI / mo$123.03$123.03$98.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,147.35$3,371.31$3,747.56
Cash to close$399,345$54,990$54,990