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$81,564$81,564$382,499
Remaining term (yrs)16.016.030.0
Secondary amount$0$300,935$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate4.350%7.025%7.560%
1st payment$551.13$551.13$2,627.50
2nd payment$0.00$1,943.54$0.00
Taxes / mo$219.75$219.75$219.75
Insurance / mo$150.00$150.00$150.00
MI / mo$86.94$86.94$76.50
HOA / mo$75.00$75.00$75.00
Total monthly$1,082.82$3,026.36$3,148.75
Cash to close$343,435$42,500$42,500