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$158,673$158,673$405,000
Remaining term (yrs)19.819.830.0
Secondary amount$0$246,327$0
Funding fee$0$0$0
Note rate3.410%3.410%7.400%
Blended rate4.260%6.383%7.640%
1st payment$915.58$915.58$2,804.14
2nd payment$0.00$1,590.86$0.00
Taxes / mo$386.00$386.00$386.00
Insurance / mo$150.00$150.00$150.00
MI / mo$146.06$146.06$81.00
HOA / mo$61.67$61.67$61.67
Total monthly$1,659.31$3,250.17$3,482.81
Cash to close$291,327$45,000$45,000