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$123,860$123,860$337,500
Remaining term (yrs)15.015.030.0
Secondary amount$0$213,640$0
Funding fee$0$0$0
Note rate3.750%3.750%7.400%
Blended rate4.600%6.594%7.640%
1st payment$893.36$893.36$2,336.78
2nd payment$0.00$1,379.76$0.00
Taxes / mo$352.17$352.17$352.17
Insurance / mo$150.00$150.00$150.00
MI / mo$136.64$136.64$67.50
HOA / mo$465.00$465.00$465.00
Total monthly$1,997.17$3,376.93$3,371.45
Cash to close$251,140$37,500$37,500