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$159,712$159,712$530,100
Remaining term (yrs)14.914.930.0
Secondary amount$0$370,388$0
Funding fee$0$0$0
Note rate3.870%3.870%7.400%
Blended rate4.720%6.837%7.640%
1st payment$1,166.22$1,166.22$3,670.31
2nd payment$0.00$2,392.09$0.00
Taxes / mo$477.50$477.50$477.50
Insurance / mo$166.67$166.67$166.67
MI / mo$175.78$175.78$106.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,986.16$4,378.25$4,420.49
Cash to close$429,288$58,900$58,900