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$139,219$139,219$400,500
Remaining term (yrs)16.316.330.0
Secondary amount$0$261,281$0
Funding fee$0$0$0
Note rate3.400%3.400%7.400%
Blended rate4.250%6.533%7.640%
1st payment$923.15$923.15$2,772.98
2nd payment$0.00$1,687.44$0.00
Taxes / mo$534.42$534.42$534.42
Insurance / mo$150.00$150.00$150.00
MI / mo$147.45$147.45$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,755.02$3,442.46$3,537.50
Cash to close$305,781$44,500$44,500