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$152,741$152,741$620,910
Remaining term (yrs)19.019.030.0
Secondary amount$0$468,169$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%7.012%7.640%
1st payment$943.96$943.96$4,299.06
2nd payment$0.00$3,023.59$0.00
Taxes / mo$259.83$259.83$259.83
Insurance / mo$166.67$166.67$166.67
MI / mo$141.76$141.76$124.18
HOA / mo$3.75$3.75$3.75
Total monthly$1,515.97$4,539.57$4,853.49
Cash to close$537,159$68,990$68,990