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$151,437$151,437$643,500
Remaining term (yrs)16.016.030.0
Secondary amount$0$492,063$0
Funding fee$0$0$0
Note rate3.550%3.550%7.400%
Blended rate4.400%6.962%7.640%
1st payment$1,027.04$1,027.04$4,455.46
2nd payment$0.00$3,177.91$0.00
Taxes / mo$273.58$273.58$273.58
Insurance / mo$216.67$216.67$216.67
MI / mo$161.00$161.00$128.70
HOA / mo$0.00$0.00$0.00
Total monthly$1,678.29$4,856.20$5,074.41
Cash to close$563,563$71,500$71,500