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$76,192$76,192$382,500
Remaining term (yrs)18.518.530.0
Secondary amount$0$306,308$0
Funding fee$0$0$0
Note rate3.780%3.780%7.400%
Blended rate4.630%7.129%7.640%
1st payment$474.66$474.66$2,648.35
2nd payment$0.00$1,978.24$0.00
Taxes / mo$140.83$140.83$140.83
Insurance / mo$150.00$150.00$150.00
MI / mo$72.33$72.33$76.50
HOA / mo$0.00$0.00$0.00
Total monthly$837.82$2,816.06$3,015.69
Cash to close$348,808$42,500$42,500