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$160,552$160,552$647,100
Remaining term (yrs)24.724.730.0
Secondary amount$0$486,548$0
Funding fee$0$0$0
Note rate3.080%3.080%7.400%
Blended rate3.930%6.802%7.640%
1st payment$771.48$771.48$4,480.39
2nd payment$0.00$3,142.29$0.00
Taxes / mo$347.08$347.08$347.08
Insurance / mo$216.67$216.67$216.67
MI / mo$128.30$128.30$129.42
HOA / mo$0.00$0.00$0.00
Total monthly$1,463.53$4,605.82$5,173.56
Cash to close$558,448$71,900$71,900