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$153,365$153,365$359,910
Remaining term (yrs)19.719.730.0
Secondary amount$0$206,545$0
Funding fee$0$0$0
Note rate3.600%3.600%7.400%
Blended rate4.450%6.344%7.640%
1st payment$902.51$902.51$2,491.94
2nd payment$0.00$1,333.94$0.00
Taxes / mo$363.10$363.10$363.10
Insurance / mo$150.00$150.00$150.00
MI / mo$140.61$140.61$71.98
HOA / mo$48.75$48.75$48.75
Total monthly$1,604.96$2,938.90$3,125.77
Cash to close$246,535$39,990$39,990