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$132,989$132,989$449,100
Remaining term (yrs)18.718.730.0
Secondary amount$0$316,111$0
Funding fee$0$0$0
Note rate3.840%3.840%7.320%
Blended rate4.690%6.844%7.560%
1st payment$827.56$827.56$3,085.01
2nd payment$0.00$2,041.55$0.00
Taxes / mo$521.58$521.58$521.58
Insurance / mo$166.67$166.67$166.67
MI / mo$125.19$125.19$89.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,641.00$3,682.55$3,863.08
Cash to close$366,011$49,900$49,900