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$153,028$153,028$413,910
Remaining term (yrs)19.619.630.0
Secondary amount$0$260,882$0
Funding fee$0$0$0
Note rate3.590%3.590%7.320%
Blended rate4.440%6.526%7.560%
1st payment$902.34$902.34$2,843.27
2nd payment$0.00$1,684.87$0.00
Taxes / mo$480.50$480.50$480.50
Insurance / mo$166.67$166.67$166.67
MI / mo$140.76$140.76$82.78
HOA / mo$0.00$0.00$0.00
Total monthly$1,690.27$3,375.14$3,573.23
Cash to close$306,872$45,990$45,990