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$164,749$164,749$517,500
Remaining term (yrs)23.723.730.0
Secondary amount$0$352,751$0
Funding fee$0$0$0
Note rate3.280%3.280%7.400%
Blended rate4.130%6.598%7.640%
1st payment$830.99$830.99$3,583.07
2nd payment$0.00$2,278.19$0.00
Taxes / mo$479.17$479.17$479.17
Insurance / mo$166.67$166.67$166.67
MI / mo$134.74$134.74$103.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,611.56$3,889.75$4,332.40
Cash to close$410,251$57,500$57,500