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$146,924$146,924$405,000
Remaining term (yrs)15.915.930.0
Secondary amount$0$258,076$0
Funding fee$0$0$0
Note rate3.590%3.590%7.400%
Blended rate4.440%6.549%7.640%
1st payment$1,003.18$1,003.18$2,804.14
2nd payment$0.00$1,666.74$0.00
Taxes / mo$394.25$394.25$394.25
Insurance / mo$150.00$150.00$150.00
MI / mo$156.49$156.49$81.00
HOA / mo$5.00$5.00$5.00
Total monthly$1,708.92$3,375.66$3,434.39
Cash to close$303,076$45,000$45,000