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$147,156$147,156$336,960
Remaining term (yrs)18.918.930.0
Secondary amount$0$189,804$0
Funding fee$0$0$0
Note rate3.500%3.500%7.400%
Blended rate4.350%6.406%7.640%
1st payment$881.82$881.82$2,333.04
2nd payment$0.00$1,265.36$0.00
Taxes / mo$225.75$225.75$225.75
Insurance / mo$150.00$150.00$150.00
MI / mo$139.10$139.10$67.39
HOA / mo$163.00$163.00$163.00
Total monthly$1,559.67$2,825.03$2,939.18
Cash to close$227,244$37,440$37,440