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$156,498$156,498$450,000
Remaining term (yrs)23.023.030.0
Secondary amount$0$293,502$0
Funding fee$0$0$0
Note rate3.730%3.730%7.320%
Blended rate4.580%6.648%7.560%
1st payment$841.59$841.59$3,091.19
2nd payment$0.00$1,895.54$0.00
Taxes / mo$416.67$416.67$416.67
Insurance / mo$166.67$166.67$166.67
MI / mo$129.04$129.04$90.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,553.96$3,449.49$3,764.52
Cash to close$343,502$50,000$50,000