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$160,238$160,238$418,500
Remaining term (yrs)24.824.830.0
Secondary amount$0$258,262$0
Funding fee$0$0$0
Note rate3.020%3.020%7.320%
Blended rate3.870%6.264%7.560%
1st payment$763.24$763.24$2,874.80
2nd payment$0.00$1,667.94$0.00
Taxes / mo$387.50$387.50$387.50
Insurance / mo$166.67$166.67$166.67
MI / mo$127.90$127.90$83.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,445.31$3,113.25$3,512.67
Cash to close$304,762$46,500$46,500