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$148,192$148,192$382,500
Remaining term (yrs)19.819.830.0
Secondary amount$0$234,308$0
Funding fee$0$0$0
Note rate3.570%3.570%7.320%
Blended rate4.420%6.460%7.560%
1st payment$867.28$867.28$2,627.51
2nd payment$0.00$1,513.24$0.00
Taxes / mo$280.73$280.73$280.73
Insurance / mo$150.00$150.00$150.00
MI / mo$135.62$135.62$76.50
HOA / mo$21.17$21.17$21.17
Total monthly$1,454.80$2,968.04$3,155.91
Cash to close$276,808$42,500$42,500