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$168,678$168,678$445,500
Remaining term (yrs)25.125.130.0
Secondary amount$0$276,822$0
Funding fee$0$0$0
Note rate3.070%3.070%7.400%
Blended rate3.920%6.300%7.640%
1st payment$800.74$800.74$3,084.55
2nd payment$0.00$1,787.81$0.00
Taxes / mo$456.42$456.42$456.42
Insurance / mo$166.67$166.67$166.67
MI / mo$133.33$133.33$89.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,557.16$3,344.97$3,796.74
Cash to close$326,322$49,500$49,500