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$141,393$141,393$360,000
Remaining term (yrs)21.221.230.0
Secondary amount$0$218,607$0
Funding fee$0$0$0
Note rate3.920%3.920%7.400%
Blended rate4.770%6.580%7.640%
1st payment$815.93$815.93$2,492.57
2nd payment$0.00$1,411.84$0.00
Taxes / mo$206.58$206.58$206.58
Insurance / mo$150.00$150.00$150.00
MI / mo$122.24$122.24$72.00
HOA / mo$1.92$1.92$1.92
Total monthly$1,296.67$2,708.50$2,923.07
Cash to close$258,607$40,000$40,000