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$151,718$151,718$413,910
Remaining term (yrs)16.316.330.0
Secondary amount$0$262,192$0
Funding fee$0$0$0
Note rate3.940%3.940%7.320%
Blended rate4.790%6.665%7.560%
1st payment$1,047.10$1,047.10$2,843.27
2nd payment$0.00$1,693.32$0.00
Taxes / mo$295.92$295.92$295.92
Insurance / mo$166.67$166.67$166.67
MI / mo$156.49$156.49$82.78
HOA / mo$52.00$52.00$52.00
Total monthly$1,718.17$3,411.49$3,440.64
Cash to close$308,182$45,990$45,990