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$146,338$146,338$382,410
Remaining term (yrs)19.119.130.0
Secondary amount$0$236,072$0
Funding fee$0$0$0
Note rate3.860%3.860%7.320%
Blended rate4.710%6.587%7.560%
1st payment$898.71$898.71$2,626.89
2nd payment$0.00$1,524.63$0.00
Taxes / mo$472.83$472.83$472.83
Insurance / mo$150.00$150.00$150.00
MI / mo$135.62$135.62$76.48
HOA / mo$25.00$25.00$25.00
Total monthly$1,682.17$3,206.80$3,351.21
Cash to close$278,562$42,490$42,490