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$142,295$142,295$351,000
Remaining term (yrs)18.918.930.0
Secondary amount$0$208,705$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate4.350%6.372%7.560%
1st payment$855.32$855.32$2,411.13
2nd payment$0.00$1,347.89$0.00
Taxes / mo$488.37$488.37$488.37
Insurance / mo$150.00$150.00$150.00
MI / mo$134.92$134.92$70.20
HOA / mo$82.00$82.00$82.00
Total monthly$1,710.61$3,058.50$3,201.69
Cash to close$247,705$39,000$39,000