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$159,820$159,820$413,100
Remaining term (yrs)16.416.430.0
Secondary amount$0$253,280$0
Funding fee$0$0$0
Note rate3.530%3.530%7.320%
Blended rate4.380%6.446%7.560%
1st payment$1,062.14$1,062.14$2,837.71
2nd payment$0.00$1,635.77$0.00
Taxes / mo$473.67$473.67$473.67
Insurance / mo$166.67$166.67$166.67
MI / mo$166.92$166.92$82.62
HOA / mo$0.00$0.00$0.00
Total monthly$1,869.39$3,505.16$3,560.66
Cash to close$299,180$45,900$45,900