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$143,558$143,558$404,910
Remaining term (yrs)15.915.930.0
Secondary amount$0$261,352$0
Funding fee$0$0$0
Note rate3.500%3.500%7.320%
Blended rate4.350%6.545%7.560%
1st payment$973.77$973.77$2,781.45
2nd payment$0.00$1,687.90$0.00
Taxes / mo$326.00$326.00$326.00
Insurance / mo$150.00$150.00$150.00
MI / mo$153.60$153.60$80.98
HOA / mo$0.00$0.00$0.00
Total monthly$1,603.38$3,291.28$3,338.43
Cash to close$306,342$44,990$44,990