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$144,190$144,190$340,200
Remaining term (yrs)16.616.630.0
Secondary amount$0$196,010$0
Funding fee$0$0$0
Note rate3.430%3.430%7.320%
Blended rate4.280%6.423%7.560%
1st payment$944.05$944.05$2,336.94
2nd payment$0.00$1,306.74$0.00
Taxes / mo$255.75$255.75$255.75
Insurance / mo$150.00$150.00$150.00
MI / mo$150.22$150.22$68.04
HOA / mo$88.67$88.67$88.67
Total monthly$1,588.69$2,895.43$2,899.40
Cash to close$233,810$37,800$37,800