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$148,654$148,654$431,100
Remaining term (yrs)16.716.730.0
Secondary amount$0$282,446$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.664%7.640%
1st payment$993.57$993.57$2,984.85
2nd payment$0.00$1,824.13$0.00
Taxes / mo$277.33$277.33$277.33
Insurance / mo$166.67$166.67$166.67
MI / mo$151.97$151.97$86.22
HOA / mo$0.00$0.00$0.00
Total monthly$1,589.54$3,413.67$3,515.07
Cash to close$330,346$47,900$47,900