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$145,153$145,153$382,410
Remaining term (yrs)15.915.930.0
Secondary amount$0$237,257$0
Funding fee$0$0$0
Note rate3.250%3.250%7.400%
Blended rate4.100%6.365%7.640%
1st payment$966.69$966.69$2,647.73
2nd payment$0.00$1,532.29$0.00
Taxes / mo$382.92$382.92$382.92
Insurance / mo$150.00$150.00$150.00
MI / mo$157.34$157.34$76.48
HOA / mo$0.00$0.00$0.00
Total monthly$1,656.94$3,189.23$3,257.13
Cash to close$279,747$42,490$42,490