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$119,458$119,458$405,000
Remaining term (yrs)16.516.530.0
Secondary amount$0$285,542$0
Funding fee$0$0$0
Note rate3.570%3.570%7.320%
Blended rate4.420%6.768%7.560%
1st payment$793.36$793.36$2,782.07
2nd payment$0.00$1,844.13$0.00
Taxes / mo$209.67$209.67$209.67
Insurance / mo$150.00$150.00$150.00
MI / mo$124.06$124.06$81.00
HOA / mo$15.00$15.00$15.00
Total monthly$1,292.09$3,136.22$3,237.74
Cash to close$330,542$45,000$45,000