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$150,274$150,274$405,000
Remaining term (yrs)19.419.430.0
Secondary amount$0$254,726$0
Funding fee$0$0$0
Note rate3.660%3.660%7.400%
Blended rate4.510%6.548%7.640%
1st payment$896.71$896.71$2,804.14
2nd payment$0.00$1,645.11$0.00
Taxes / mo$338.48$338.48$338.48
Insurance / mo$150.00$150.00$150.00
MI / mo$138.68$138.68$81.00
HOA / mo$29.17$29.17$29.17
Total monthly$1,553.04$3,198.14$3,402.79
Cash to close$299,726$45,000$45,000