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$126,325$126,325$405,000
Remaining term (yrs)15.915.930.0
Secondary amount$0$278,675$0
Funding fee$0$0$0
Note rate3.590%3.590%7.400%
Blended rate4.440%6.718%7.640%
1st payment$862.53$862.53$2,804.14
2nd payment$0.00$1,799.77$0.00
Taxes / mo$609.92$609.92$609.92
Insurance / mo$150.00$150.00$150.00
MI / mo$134.55$134.55$81.00
HOA / mo$125.00$125.00$125.00
Total monthly$1,882.00$3,681.77$3,770.05
Cash to close$323,675$45,000$45,000