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$140,905$140,905$400,500
Remaining term (yrs)21.021.030.0
Secondary amount$0$259,595$0
Funding fee$0$0$0
Note rate3.900%3.900%7.400%
Blended rate4.750%6.695%7.640%
1st payment$815.72$815.72$2,772.98
2nd payment$0.00$1,676.55$0.00
Taxes / mo$370.83$370.83$370.83
Insurance / mo$150.00$150.00$150.00
MI / mo$122.50$122.50$80.10
HOA / mo$0.00$0.00$0.00
Total monthly$1,459.05$3,135.60$3,373.91
Cash to close$304,095$44,500$44,500