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$139,211$139,211$423,000
Remaining term (yrs)15.915.930.0
Secondary amount$0$283,789$0
Funding fee$0$0$0
Note rate3.660%3.660%7.400%
Blended rate4.510%6.684%7.640%
1st payment$955.38$955.38$2,928.77
2nd payment$0.00$1,832.80$0.00
Taxes / mo$876.08$876.08$876.08
Insurance / mo$166.67$166.67$166.67
MI / mo$147.75$147.75$84.60
HOA / mo$77.50$77.50$77.50
Total monthly$2,223.38$4,056.18$4,133.62
Cash to close$330,789$47,000$47,000