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$152,152$152,152$382,500
Remaining term (yrs)18.418.430.0
Secondary amount$0$230,348$0
Funding fee$0$0$0
Note rate3.630%3.630%7.320%
Blended rate4.480%6.449%7.560%
1st payment$942.06$942.06$2,627.51
2nd payment$0.00$1,487.66$0.00
Taxes / mo$287.83$287.83$287.83
Insurance / mo$150.00$150.00$150.00
MI / mo$146.23$146.23$76.50
HOA / mo$155.00$155.00$155.00
Total monthly$1,681.13$3,168.79$3,296.84
Cash to close$272,848$42,500$42,500