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$135,833$135,833$355,500
Remaining term (yrs)18.418.430.0
Secondary amount$0$219,667$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.546%7.640%
1st payment$846.72$846.72$2,461.41
2nd payment$0.00$1,418.68$0.00
Taxes / mo$413.75$413.75$413.75
Insurance / mo$150.00$150.00$150.00
MI / mo$129.51$129.51$71.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,539.98$2,958.66$3,096.26
Cash to close$259,167$39,500$39,500